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

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    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
 
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