Nov 16 (Reuters) - Xantippe Resources Ltd XTC.AX :
* XANTIPPE RESOURCES LTD- ENTERED INTO A BINDING TERM SHEET WHEREBY XTC WILL TRANSFER 77.5% OF ITS INTEREST IN UNIT TO MGM O'CONNOR CORPORATE ADIVSORY
* XANTIPPE RESOURCES LTD- CO WILL RETAIN A 22.5% FREE CARRIED INTEREST IN KOREAN RESOURCES