Aug 3 (Reuters) - Lanka Graphite Ltd (LGR) :
- EXECUTED A BINDING CONDITIONAL TERM SHEET TO ACQUIRE MSY GROUP OF COMPANIES
- COMPANY WILL ACQUIRE MSY AND ITS BUSINESS ASSETS FOR $17.5MILLION
- DUE TO DEAL & RE-LISTING,TO CONDUCT CAPITAL RAISING TO RAISE UP TO $3 MILLION VIA ISSUE OF UP TO 60 MILLION ORDINARY SHARES AT $0.05 PER SHARE
