Jan 30 (Reuters) - Doriemus PLC DOR.AX :
* SIGNED A BINDING HEADS OF AGREEMENT WITH DORIEMUS PLC
* BINDING HEADS OF AGREEMENT WITH DORIEMUS FOR PROPOSED SALE OF ALL OF ITS INTERESTS IN COOPER-EROMANGA BASIN TO DORIEMUS
* UNDER HOA DORIEMUS WILL ACQUIRE 100% OF ISSUED CAPITAL OF COERA LIMITED UNIT OF CO
* DORIEMUS PROPOSES TO APPOINT OILEX'S CHAIRMAN, BRAD LINGO AS NEW MANAGING DIRECTOR OF DORIEMUS
* LINGO TO STEP DOWN AS CHAIRMAN OF OILEX FOLLOWING APPOINTMENT OF A NEW OILEX CHAIRMAN
* AS CONSIDERATION FOR PROPOSED TRANSACTION, DORIEMUS WILL ISSUE 28.3 MILLION CHESS DEPOSITARY INTERESTS TO OILEX UPON COMPLETION
* UPON COMPLETION OF PROPOSED TRANSACTION, OILEX WILL NO LONGER HAVE ANY OIL AND GAS ASSET INTERESTS IN AUSTRALIA
* DORIEMUS INTENDS TO UNDERTAKE A CAPITAL RAISING AT A PRICE EXPECTED TO BE $0.035 PER CDI TO RAISE A MINIMUM OF $3.5 MILLION