June 17 (Reuters) - Keytone Dairy Corporation Ltd KTD.AX :
* EXECUTED A BINDING AGREEMENT FOR STRATEGIC ACQUISITION OF OMNIBLEND PTY LTD FOR $22.6 MILLION PLUS AN EARN-OUT
* TO FUND ACQUISITION VIA A PLACEMENT OF UP TO $8.0 MILLION & SHARE PURCHASE PLAN TO RAISE UP TO $10.0 MILLION FOR SHAREHOLDERS
* TO PAY OMNIBLEND SHAREHOLDERS CASH CONSIDERATION OF $8.0 MILLION, TO ISSUE TO OMNIBLEND'S SHAREHOLDERS 23.3 MILLION SHARES IN CO AT $0.43/SHARE