Feb 26 (Reuters) - Elixxer Ltd ELXR.V :
* ELIXXER LTD. PROVIDES CORPORATE UPDATE
* ELIXXER LTD - IN DISCUSSIONS WITH CERTAIN LENDERS OVER CLAIMS THAT CO IS IN DEFAULT UNDER TERMS OF PREVIOUSLY ANNOUNCED CONVERTIBLE LOAN AGREEMENT
* ELIXXER LTD - IF NEGOTIATIONS WITH LENDERS PROVE TO BE UNSUCCESSFUL, IT MAY RESULT IN LENDERS INSTITUTING DEFAULT PROCEEDINGS AGAINST CO