Oilex Ltd Zeta Legal Proceedings Update (5027J)
December 18 2015 - 1:00AM
UK Regulatory
TIDMOEX
RNS Number : 5027J
Oilex Ltd
18 December 2015
ASX Announcement
18 December 2015
ASX: OEX
AIM: OEX
Zeta Legal Proceedings Update
Oilex has now filed its defence in the Federal Court proceedings
initiated by Zeta Resources Limited (Zeta). Oilex has also filed a
cross-claim against Zeta seeking orders of specific performance
requiring Zeta to perform its obligations and complete the relevant
share subscription and convertible note agreements (or otherwise
pay damages to Oilex).
Oilex will proceed to strongly defend the action and prosecute
its cross-claim against Zeta if no resolution is reached in the
discussions which will now occur between the parties as announced
in OEX's ASX release of 3 December 2015.
For and on behalf of Oilex Ltd
Ron Miller
Managing Director
For further information, please contact:
Investor Enquiries Nominated Adviser Media Enquires
Oilex Ltd Strand Hanson Limited Vigo Communications
Ron Miller Nominated Adviser Public Relations UK
Managing Director Rory Murphy /Ritchie Patrick d'Ancona /
Email: oilex@oilex.com.au Balmer Chris McMahon
Tel: +61 8 9485 3200 Email: oilex@strandhanson.co.uk Email: patrick.dancona@vigocomms.com
Australia Tel: +44 20 7409 3494 chris.mcmahon@vigocomms.com
UK Tel: +44 20 7016 9570
UK
This information is provided by RNS
The company news service from the London Stock Exchange
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