Sept 23 (Reuters) - Genex Power Ltd (GNX) : RESPONSE TO MEDIA...

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