May 1 (Reuters) - QANTM Intellectual Property Ltd (QIP) :
- UPDATE ON ADAMANTEM INDICATIVE PROPOSAL
- HAS COMPLETED ITS DUE DILIGENCE INVESTIGATIONS AND CONTINUES TO PURSUE ADAMANTEM INDICATIVE PROPOSAL
- THERE IS NO CERTAINTY THAT ADAMANTEM INDICATIVE PROPOSAL WILL RESULT IN A TRANSACTION
- PARTIES HAVE AGREED TO EXTEND EXCLUSIVITY PERIOD UNTIL 10AM ON 8 MAY
- SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO ADAMANTEM INDICATIVE PROPOSAL.
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