Oct 31 (Reuters) - Alkali3 Resources Inc ALKh.V :
* . PROVIDES UPDATE ON PROPOSED REVERSE TAKE-OVER WITH LOOP INSIGHTS INC.
* ALKALI3 RESOURCES - CO AND LOOP REMAIN COMMITTED TO CONSUMMATING DEAL AND BOTH PARTIES CURRENTLY IN PROCESS OF NEGOTIATING DEFINITIVE AGREEMENT
* PARTIES ANTICIPATE ENTERING INTO DEFINITIVE AGREEMENT SHORTLY