Dec 11 (Reuters) - Macphersons Resources Ltd (MRP) :
- MACPHERSONS AND INTERMIN AGREE TO MERGE
- MERGER IS UNANIMOUSLY RECOMMENDED BY BOARD OF MACPHERSONS IN ABSENCE OF A SUPERIOR PROPOSAL
- INTERMIN AND MACPHERSONS EXECUTED MERGER IMPLEMENTATION AGREEMENT TO PROGRESS PROPOSED COMBINATION OF 2 COMPANIES
- MERGER IS UNANIMOUSLY RECOMMENDED BY THE BOARD OF MACPHERSONS IN THE ABSENCE OF A SUPERIOR PROPOSAL
- INTERMIN RESOURCES TO OFFER 1 INTERMIN SHARE FOR EVERY 1.8227 MACPHERSONS RESOURCES SHARES HELD
- MERGED ENTITY WILL BE LED BY INTERMIN MANAGING DIRECTOR JON PRICE
- PROPOSED OFFER VALUES MACPHERSONS AT ABOUT A$0.0825 PER SHARE
- COMBINED ENTITY INTENDS TO START FEASIBILITY STUDY FOR INTEGRATED DEVELOPMENT OF COMPANIES' RESPECTIVE EXISTING GOLD PROJECTS
- INTERMIN CHAIRMAN PETER BILBE WILL BE NON-EXECUTIVE CHAIRMAN OF MERGED ENTITY
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