18th Dec 2015 07:00
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 Oilex Ltd Ron Miller Managing Director Email: [email protected] Tel: +61 8 9485 3200 Australia | Nominated Adviser Strand Hanson Limited Nominated Adviser Rory Murphy /Ritchie Balmer Email: [email protected] Tel: +44 20 7409 3494 UK
| Media Enquires Vigo Communications Public Relations UK Patrick d'Ancona / Chris McMahon Email: [email protected] Tel: +44 20 7016 9570 UK |
Related Shares:
OEX.L