Feb 11 (Reuters) - BuildingIQ Inc BIQ.AX :
* BOARD AGREES TO TERMS FOR MCLOUD TECHNOLOGIES CORP TO ACQUIRE CO
* MCLOUD INTENDS TO PROVIDE CO WITH WORKING CAPITAL FACILITY AND OFFER TO BUY CDIS IN BUILDINGIQ IN EXCHANGE FOR STOCK IN MCLOUD
* UNDER EOI, MCLOUD OFFERS TO BUY EACH CDI WHERE HOLDERS TO RECEIVE 1 SHAREIN MCLOUD FOR EVERY ABOUT 441 CDIS HELD