March 25 (Reuters) - Kopore Metals Ltd KMT.AX :
* ENTERED BINDING TERM SHEET TO ASSIST WITH ONGOING EXPLORATION AT CO'S VIRGO PROJECT IN THE REPUBLIC OF BOTSWANA
* ARC MINERALS TO BUY 75% INTEREST IN KOPORE'S VIRGO PROJECT IN BOTSWANA FOR £1.2 MILLION IN ARC SHARES
* ARC HAS OPTION TO BUY REMAINING 25% FOR US$5 MILLION IN CASH OR ARC SHARES
* ARC CAN BUY BACK ROYALTY FOR US$5 MILLION