Octanex Receives Expression Of Interest From Chairman
Octanex Ltd (OXX.AX):
RECEIVED AN EXPRESSION OF INTEREST FROM ITS CHAIRMAN
CHAIRMAN INTENDS TO SUBMIT A PROPOSAL WHEREBY COMPANIES AND INTERESTS ASSOCIATED WITH HIM WOULD BUY CO'S SHARES HELD BY OTHER SHAREHOLDERS
CHAIRMAN INDICATED HE WILL CONTINUE TO FUND CO IN MEET COMMITMENTS THROUGH TO SUCCESSFUL CONCLUSION OF DISCUSSIONS AS TO FUTURE COURSE FOR CO
CHAIRMAN INTENDS TO BUY CO'S SHARES HELD BY OTHER SHAREHOLDERS, CO WOULD BE PRIVATISED
CONSIDERATION THAT CHAIRMAN WILL OFFER TO NON-ALBERS SHAREHOLDERS IS YET TO BE DETERMINED
FORWARD PROJECTIONS OF OUTGOINGS ARE ANTICIPATED TO SEE FURTHER DRAWDOWN OF LOANS FROM CHAIRMAN