News: SPX Spectrum Rare Earths says enters into agreement to acquire BCAL Diagnostics

May 26 (Reuters) - Spectrum Rare Earths Ltd (SPX) :

• Agreement to acquire bcal diagnostics (SPX)
• Entered into a binding heads of agreement with bcal diagnostics pty limited
• Deal to acquire all of the issued capital in bcal dx.
• Intends to undertake a capital raising to raise at least $3.5 million at an issue price to be determined.
• Says it is intended that the current board of spx will resign at completion of the bcal dx acquisition
• Bcal dx acquisition will result in application of chapter 11 of listing rules in relation to spx