Mr. Vincent Hamilton, the Chairman of Tethys Oil AB, has sold his entire holding of Tethys shares and will resign as chairman and director on October 14, 2013. Mr. Hamilton will leave Tethys in order to work to support and fund the medical research foundation Victory NET, which he recently founded.
The board of Tethys Oil has decided to appoint board member Mr. Staffan Knafve to succeed Mr. Vincent Hamilton as new Chairman of the board.