May 22 (Reuters) - Roto-Gro International Ltd RGI.AX :
* ENTERED INTO A BINDING LETTER OF INTENT WITH GIBIO INC
* LOI PROVIDES ROTOGRO TO SUBSCRIBE FOR UP TO 49% EQUITY IN GIBIO AND INCLUDES A MANUFACTURING, TECHNOLOGY AND SERVICE CONTRACT
May 22 (Reuters) - Roto-Gro International Ltd RGI.AX :
* ENTERED INTO A BINDING LETTER OF INTENT WITH GIBIO INC
* LOI PROVIDES ROTOGRO TO SUBSCRIBE FOR UP TO 49% EQUITY IN GIBIO AND INCLUDES A MANUFACTURING, TECHNOLOGY AND SERVICE CONTRACT