Oilex Ltd – Board Changes
Oilex Ltd (Oilex or Company) advises the following changes to the composition of the board of directors.
Oilex Ltd (Oilex or Company) advises the following changes to the composition of the board of directors.
Oilex Ltd (Oilex or the Company) advises that it has issued 257,329,999 ordinary shares at 0.13 pence per share (Capital Raising Shares) in regard to the £334,529 (A$599,622) equity capital raising as announced on 31 July 2019.
Oilex Ltd (Oilex or the Company) advises that it has requested and been granted a trading halt on the Australian Stock Exchange effective from 13 August 2019, refer below. The acquisition, should it complete, would be deemed a Substantial Transaction pursuant to the AIM rules.
Oilex Ltd advises that Gujarat State Petroleum Corporation has served notice of an Order from the High Court of Gujarat directing it not to take any coercive steps against GSPC until 4 September 2018.