Sept 17 (Reuters) - Holly Street Capital Ltd HSCp.V :
* HOLLY STREET CAPITAL LTD. ANNOUNCES LETTER OF INTENT FOR QUALIFYING TRANSACTION WITH SOUTHERN SKY RESOURCES CORP.
* HOLLY STREET CAPITAL LTD - ENTERED INTO BINDING LOI DATED SEPT 10 WITH SOUTHERN SKY RESOURCES CORP IN RESPECT OF PROPOSED BUSINESS COMBINATION
* HOLLY STREET CAPITAL LTD - IT IS ANTICIPATED THAT HOLLY WILL ACQUIRE ALL OF ISSUED AND OUTSTANDING SOUTHERN SKY SHARES
* HOLLY STREET CAPITAL LTD - ANTICIPATED THAT RESULTING ENTITY WILL CONTINUE BUSINESS OF SOUTHERN SKY UNDER A NAME TO BE DETERMINED BY SOUTHERN SKY