May 31 (Reuters) - Indiore Ltd IOR.AX :
* ENTERED INTO AGREEMENT TO DIVEST ITS INDIAN SUBSIDIARY, NSL INDIA MRI TO BENITA INDUSTRIES
* CO TO DIVEST ITS INDIAN SUBSIDIARY IN EXCHANGE FOR BENITA TAKING OVER ALL FINANCIAL LIABILITIES
* SIGNED BINDING AGREEMENTS WITH GOLD VALLEY IRON TO PURCHASE FRANCES CREEK CRUSHING AND SCREENING PLANT FOR $2.5 MILLION
* COMPANY AND FIRST SAMUEL JOINTLY AGREED TO TERMINATE PREVIOUSLY APPROVED FIRST SAMUEL CONVERTIBLE DEBT FACILITY
* SIGNS EQUITY RAISING MANDATE TO RAISE $6.0MLN THROUGH ISSUING 150 MILLION ORDINARY SHARES AT $0.4PER SHARE