BRIEF-Magnis Energy Technologies Responds To ASIC Originating Process And Concise Statement Of Claim

Reuters04-30

April 30 (Reuters) - Magnis Energy Technologies Ltd

:

* GOT ORIGINATING PROCESS AND CONCISE STATEMENT OF CLAIM FROM ASIC

* WILL EXAMINE STATEMENT OF CLAIM IN CONJUNCTION WITH ITS LEGAL ADVISERS AND WILL KEEP MARKET INFORMED AS REQUIRED

* ASIC CLAIM ALLEGES CERTAIN BREACHES OF CONTINUOUS DISCLOSURE REQUIREMENTS OF CORPORATIONS ACT

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