DOR 0.00% 6.0¢ doriemus plc

News: DOR Oilex Signed A Binding Heads Of Agreement With Doriemus PLC

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    Jan 30 (Reuters) - Doriemus PLC (DOR) :

    • SIGNED A BINDING HEADS OF AGREEMENT WITH DORIEMUS PLC
    • BINDING HEADS OF AGREEMENT WITH DORIEMUS FOR PROPOSED SALE OF ALL OF ITS INTERESTS IN COOPER-EROMANGA BASIN TO DORIEMUS
    • UNDER HOA DORIEMUS WILL ACQUIRE 100% OF ISSUED CAPITAL OF COERA LIMITED UNIT OF CO
    • DORIEMUS PROPOSES TO APPOINT OILEX'S CHAIRMAN, BRAD LINGO AS NEW MANAGING DIRECTOR OF DORIEMUS
    • LINGO TO STEP DOWN AS CHAIRMAN OF OILEX FOLLOWING APPOINTMENT OF A NEW OILEX CHAIRMAN
    • AS CONSIDERATION FOR PROPOSED TRANSACTION, DORIEMUS WILL ISSUE 28.3 MILLION CHESS DEPOSITARY INTERESTS TO OILEX UPON COMPLETION
    • UPON COMPLETION OF PROPOSED TRANSACTION, OILEX WILL NO LONGER HAVE ANY OIL AND GAS ASSET INTERESTS IN AUSTRALIA
    • DORIEMUS INTENDS TO UNDERTAKE A CAPITAL RAISING AT A PRICE EXPECTED TO BE $0.035 PER CDI TO RAISE A MINIMUM OF $3.5 MILLION
 
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