Tethys had arranged for the investment firm to provide a $15 million loan to help the Central Asia-focused explorer fund its commitments in the region.
The parties reached an agreement last November that would allow Tethys to draw down the full $15 million facility, a right the company exercised on 21 November.
"Despite Olisol having provided written confirmation... of its bank accounts containing funds totaling in excess of $15 million, no further funds have been received by (Tethys) from Olisol since receipt of the ($5.14
