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GRAND CAYMAN, CAYMAN ISLANDS--(Marketwired - Dec. 20, 2016) - Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) ("Tethys" or the "Company") today announces that it has prepaid approximately US$322,161 of the US$3.5 million non-convertible loan received March 20, 2015 and due March 20, 2017 (the "Loan") from Annuity and Life Reassurance Ltd. ("ALR"), an affiliate of Pope Asset Management Inc. (together with ALR and its other affiliates, "PAM") and has entered into amendment agreements with ALR (together, the "Amendments") to the Loan as well as to the US$1,760,978 convertible debenture due June 30, 2017 issued to ALR on June 1, 2015 (the "Debenture" and together with the Loan, the "ALR Loans"). |
