Nov 15 (Reuters) - Simonds Group Ltd SIO.AX :
* Says intention to acquire 100% of gemmill homes group pty ltd
* Says commenced a strategic review of the group's business-to-business project builder, madisson projects
* Says Simonds and gemmill have agreed to terms for sale of shares which is subject to call option between parties which values gemmill at $6 million
* Source text for Eikon ID:nASX8mjNrX