March 15 (Reuters) - IMX Resources Ltd IXR.AX :
* Graphite spin out on track for may completion IXR.AX
* IMX agrees to sell the chilalo graphite project to IMX subsidiary company,
graphex mining limited
* Graphex on track for listing in early may with IPO to raise a minimum of
$4.25M, with a priority offer to existing IMX shareholders
* Consideration for the sale of chilalo to be received by IMX comprises $1.0M
cash; and $4.0M of graphex shares
* Source text for Eikon ID:nASX9WRlnZ
*