May 22 (Reuters) - Wattle Health Australia Ltd WHA.AX :
* NOTIFIED ON 17 MAY DIRECTORS OF ORGANIC DAIRY FARMERS OF AUSTRALIA LIMITED HAD PLACED ODFA INTO VOLUNTARY ADMINISTRATION
* MILK SUPPLY AGREEMENT BETWEEN ODFA AND CORIO BAY DAIRY GROUP REMAINS LEGALLY BINDING
* PREVIOUSLY ADVANCED FUNDS BY WATTLE HEALTH & NICHE DAIRY TO CDBG WILL CONVERT INTO ORDINARY SHARES IN CDBG
* UPON CONVERSION, CBDG WILL RELEASE WATTLE HEALTH & NICHE DAIRY FROM ALL OBLIGATIONS
* UPON CONVERSION, CBDG WILL RELEASE WATTLE HEALTH AND NICHE DAIRY FROM ALL OBLIGATIONS
* CBDG CONTINUES TO WORK WITH SHEPPARTON PARTNERS COLLECTIVE WHO REMAIN ENGAGED TO ARRANGE UP TO $20 MILLION OF FUNDING FOR CBDG
* WATTLE HEALTH WILL RETAIN ITS 45% SHAREHOLDING IN CBDG POST PROPOSED TRANSACTION WITH SPC