Aug 3 (Reuters) - Karsten Energy Corp KAY.V
* Karsten has agreed to continue to work with HFM while it transitions its business plans
* Karsten Energy Corp. provides update on proposed business combination with Heart Force Medical Inc.
* Both parties have therefore agreed to extend deadline for executing a definitive agreement to September 30, 2016 Source text for Eikon: Further company coverage: KAY.V