Under the terms of the convertible debenture set out in the definitive agreement, and are expected to include Stream's option to convert the Letho debenture into common shares of Stream. Stream may also prepay the debenture, in whole or in part, at any time without notice, bonus or penalty.
Letho recently entered into a letter of intent to acquire certain Namibian Onshore Oil and Gas Licenses (the "Namibian Licenses") from
The Namibian Licenses are comprised of six onshore licenses located within the
ON BEHALF OF THE BOARD OF DIRECTORS OF LETHO RESOURCES INC.
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Letho cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Letho's control. Such factors include, among other things: risks and uncertainties relating to Letho's ability to complete a private placement financing to satisfy the terms of the letter of intent. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Letho undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FOR FURTHER INFORMATION PLEASE CONTACT:
Letho Resources Inc. Rob HallPresident, CEO and Director (604) 999-5554 www.lethoresources.com Source: Letho Resources Corp.