March 16 (Reuters) - Krakatoa Resources Ltd KTA.AX :
* Announces termination of binding agreement with United Mining Group
* Binding agreement with united mining group has been terminated by mutual agreement.
* Should umg or units become successful in acquiring either of potential acquisitions, co to receive of up to $1.5 million as reimbursement Source text for Eikon: Further company coverage: KTA.AX