Oct 25 (Reuters) - Damstra Holdings Ltd (DTC) :
- UPDATE REGARDING CONDITIONAL NON-BINDING INDICATIVE PROPOSAL
- AGREED TO GRANT MITRATECH OPPORTUNITY TO CONDUCT DUE DILIGENCE FOR FOUR WEEKS ON AN EXCLUSIVE BASIS
- PROPOSAL IS NON-BINDING AND HIGHLY CONDITIONAL
- THERE IS NO CERTAINTY THAT ANY BINDING TRANSACTION WILL PROCEED OR EVENTUATE AS A RESULT OF PROPOSAL
- CONFIRMS CONDITIONAL, NON-BINDING, INDICATIVE PROPOSAL TO BUY DAMSTRA FOR A$0.30 CASH PER SHARE