Oct 25 (Reuters) - Damstra Holdings Ltd (DTC) : DAMSTRA...

Oct 25 (Reuters) - Damstra Holdings Ltd (DTC) :

• DAMSTRA RECEIVES INDICATIVE PROPOSALS AND GRANTS EXCLUSIVITY
• RECEIVED CONDITIONAL, NON-BINDING, INDICATIVE PROPOSALS FROM MULTIPLE PARTIES TO ACQUIRE 100% OF DAMSTRA'S SHARES
• IS NO CERTAINTY THAT ANY BINDING TRANSACTION WILL PROCEED OR EVENTUATE
• BOARD HAS AGREED TO GRANT ONE OF INTERESTED PARTIES OPPORTUNITY TO CONDUCT DUE DILIGENCE FOR FOUR WEEKS ON AN EXCLUSIVE BASIS
• EXCLUSIVITY GRANTED ON BASIS OF INDICATIVE OFFER PRICE OF 30 AU CENTS PER DAMSTRA SHARE
• EXCLUSIVITY HAS BEEN GRANTED TO ONE OF THE INTERESTED PARTIES