June 5 (Reuters) - Altitude Resources Inc ALI.V :
* ALTITUDE RESOURCES ANNOUNCES PROPOSED SPIN-OUT TRANSACTION
* ALTITUDE RESOURCES - BEGUN A STRATEGIC REVIEW OF ITS ASSETS AND OPERATIONS
* ALTITUDE RESOURCES - INTENDS TO SPIN-OUT UNIT TO EXISTING SHAREHOLDERS OF ALTITUDE
* ALTITUDE RESOURCES - INTENDS TO PURSUE CAPITAL MARKET OPPORTUNITIES THAT REQUIRE PUBLIC LISTING