June 21 (Reuters) - Globalive Technology Inc LIVE.V :
* GLOBALIVE TECHNOLOGY ACQUIRES CALL OPTION TO PURCHASE GLOBALIVE CAPITAL CONTROL POSITION IN FLEXITI FINANCIAL
* GLOBALIVE TECHNOLOGY-UNDER TERMS OF CALL RIGHT, CO CAN REQUIRE GC TO SELL ITS OWNERSHIP,CONTROL POSITION IN FLEXITI IN EXCHANGE FOR 13.33 MILLION ITS SHARES
* GLOBALIVE TECHNOLOGY INC - PUT RIGHT HAS BEEN AMENDED TO INCREASE PRICE PAYABLE TO GC FROM 3.33 MILLION SHARES OF GLOBALIVE TECHNOLOGY TO 5 MILLION SHARES