Nov 12 (Reuters) - Zeta Resources Ltd ZER.AX :
* Update on investment and funding agreement with oilex ZER.AX
* Says Zeta commenced proceedings in the federal court of Australia
* Says Zeta was not informed of the true position relating to GSPC at any time before it entered into the funding
* Proceedings seeking orders that funding agreements entered into with Oilex are void
* In federal court proceeding, Zeta claims that oilex "engaged in misleading or deceptive conduct"
* Proceedings in federal court of Australia seeking orders Oilex pay damages or compensation including interest and costs
* Zeta claims that in circumstances where oilex was seeking to raise A$30 million for Cambay Field project, "it should have disclosed the true position"
* Source text for Eikon ID: