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Brief: Calidus enters joint venture with Novo Resources

Sept 20 (Reuters) - Calidus Resources Ltd  CAI.AX : 
    * Calidus to enter joint venture with Novo resources 
    * Consideration to Novo is 20 million shares & expenditure 
commitment of $2 million over 3 years 
    * Co to have right to buy 70 pct interest in certain 
exploration & prospecting licences held by Novo 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nASX28X4dQ 
Further company coverage:  CAI.AX  
 
 (bangalore.newsroom@thomsonreuters.com)

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