Aug 3 (Reuters) - King Solomon Mines Ltd KSO.AX :
* Agreement to acquire xref pty ltd KSO.AX
* Says has entered into a conditional binding term sheet with xref pty ltd
* Proposes to undergo a capital consolidation after the acquisition of xref and will then additionally raise at least A$3 million
* Says transaction is expected to be completed by early November 2015
* If the transaction proceeds, kso intends to divest all of its existing mineral assets
* Under the terms, kso will acquire 100% of the xref securities on issue in consideration for issuing the xref vendors
* Source text for Eikon ID:nASX8wW2xJ