March 16 (Reuters) - Buzz Capital Inc BUZp.V :
* BUZZ CAPITAL - ENTERED LETTER OF INTENT WITH KAYA PURSUANT TO WHICH BUZZ AGREED TO ACQUIRE ALL OF OUTSTANDING SECURITIES OF KAYA
* BUZZ CAPITAL INC - IN CONNECTION WITH DEAL, DIRECTORS AND OFFICERS OF BUZZ ARE EXPECTED TO RESIGN
* BUZZ CAPITAL INC - UNDER TERMS, IT IS PROPOSED THAT COMPLETION BY BUZZ OF A NAME CHANGE TO "KAYA INC"
* BUZZ CAPITAL INC - IN CONNECTION WITH DEAL, KAYA TO COMPLETE BROKERED FINANCING OF SUBSCRIPTION RECEIPTS AT C$1.25 PER KAYA SHARE