GNX genex power limited
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News: GNX Genex Power Responds To Media Speculation Regarding Status Of Discussions With Consortium

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    23/09/22
    10:25
    Post #: 63842323

    Sept 23 (Reuters) - Genex Power Ltd (GNX) :

    • RESPONSE TO MEDIA SPECULATION REGARDING STATUS OF DISCUSSIONS WITH CONSORTIUM
    • NOTES THAT THERE IS NO CERTAINTY THAT CONSORTIUM WILL PROVIDE A FINAL OR BINDING PROPOSAL
    • HOWEVER, CONSORTIUM HAS NOT CONFIRMED TO GENEX THAT IT HAS COMPLETED ITS DUE DILIGENCE OR OBTAINED COMMITTED FUNDING
    • DISCUSSIONS & NEGOTIATIONS BETWEEN CO AND CONSORTIUM REGARDING PROPOSED SCHEME HAVE BEEN CONSTRUCTIVE TO DATE AND ARE ONGOING
    • CONSORTIUM HAS NOT PROVIDED A BINDING OR FINAL PROPOSAL IN RESPECT OF PROPOSED SCHEME TO BOARD
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