Brief: Kalamazoo Resources Announces Agreement With Karora Resources
Aug 1 (Reuters) - Kalamazoo Resources Ltd KZR.AX :
* AGREEMENT WITH KARORA RESOURCES TO SPIN OUT CO'S &
KARORA'S
COMBINED AUSTRALIAN-BASED LITHIUM PROJECTS INTO KALI METALS LTD
* KALI TO UNDERTAKE IPO EXPECTED TO RAISE A$10 TO A$12
MILLION
* IPO WILL PROVIDE KALAMAZOO SHAREHOLDERS WITH INITIAL 25%
IN-SPECIE DISTRIBUTION OF ITS KALI SHARES
Source text for Eikon: ID:nASX8zwTxs
Further company coverage: KZR.AX
((Reuters.Briefs@thomsonreuters.com;))
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