News: EXC Anova Metals has agreed to acquire all of issued capital of Exterra Resources

June 8 (Reuters) - Anova Metals Ltd (AWV) -

• Has agreed to acquire all of issued capital of exterra by way of a scheme of arrangement
• Board of exterra have unanimously recommended that all exterra shareholders vote in favour of scheme in absence of a superior proposal
• Exterra shareholders are to receive one anova share for every two exterra shares held.
• Merged entity will have a pro forma market capitalisation of $78 million
• anova shares to be to be issued to exterra shareholders values exterra at approximately $21.3 million
• Consideration payable to exterra shareholders represents 64% premium to closing price of exterra shares on asx on 5 june 2017