Oct 29 (Reuters) - Ultracharge Ltd UTR.AX :
* TO ACQUIRE PROSPECTIVE SILICA SAND AND KAOLIN PROJECTS
* TO RAISE $5 MILLION VIA RE-COMPLIANCE CAPITAL RAISING
* AFTER ACQUISITIONS, ANDREW HAYTHORPE WILL BE APPOINTED AS NON-EXECUTIVE CHAIRMAN
* AFTER ACQUISITIONS, AARON BANKS WILL BE APPOINTED AS MANAGING DIRECTOR
* AFTER ACQUISITIONS, CURRENT MANAGING DIRECTOR KOBI BEN-SHABAT WILL REVERT TO POSITION OF NON-EXECUTIVE DIRECTOR