July 31 (Reuters) - Wellard Ltd WLD.AX :
* UPDATES ON SALE OF M/V OCEAN SWAGMAN
* HEYTESBURY HAS INFORMED CO THAT ITS TECHNICAL DUE DILIGENCE CONDUCTED ON M/V OCEAN SWAGMAN IS COMPLETE AND WAS SATISFACTORY
* NEGOTIATING WITH ANOTHER PARTY, IN RELATION TO ALTERNATIVE TRANSACTION ON M/V OCEAN SWAGMAN THAT COULD LEAD TO A SUPERIOR PROPOSAL
* HEYTESBURY HAS PROPOSED SOME AMENDMENTS TO TERMS OF TRANSACTION