July 12 (Reuters) - Groundstar Resources Ltd GSA.V :
* Groundstar Resources Limited signs LOI to acquire oil and gas assets and complete reverse take-over
* Signed a LOI to acquire certain oil and gas assets located in Rainbow Lake And Farrell, from a private Alberta company
* Purchase price for assets is $3 million Source text for Eikon: ID:nGNXOABIPa Further company coverage: GSA.V