NEXUS Energy CFO Peter Thomas has walked out as the company today extended a voluntary suspension of its shares after its asset sale process fell through.
The company said today a sale process for assets and a potential transaction for the company had been impacted by adverse global economic conditions and not resulted in an "acceptable offer".
Nexus has been forced to place its Crux oil project in Western Australia on hold as it struggles for financing.
The company expects that negotiations in relation to asset sales, debt raising alternatives and significant contractual obligations will be completed by March 31.
http://www.news.com.au/perthnow/story/0,21598,25204725-5017963,00.html
In My Humble Opinion : CFO resignation in the middle crisis ? . They are really in a mess, aren't they ?.
NEXUS Energy CFO Peter Thomas has walked out as the company...
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