Nov 22 (Reuters) - Planet Gas Ltd (PGS) :
- PLANET GAS LIMITED TO ACQUIRE HIGH QUALITY TIN-TUNGSTEN FOCUSED PROJECTS
- ENTERED INTO A BINDING HEADS OF AGREEMENT TO ACQUIRE BIG SKY METALS PTY LTD
- ACQUISITION CONSIDERATION WILL CONSIST OF 70 MILLION ORDINARY SHARES IN CO AND 20 MILLION OPTIONS, FOLLOWING A 10 FOR 1 SHARE CONSOLIDATION
- PLANET GAS-UNDER DEAL, CO INTENDS TO RAISE $4.5 MILLION PURSUANT TO OFFER UNDER PROSPECTUS & CONVERT OUTSTANDING DEBTS INTO 14.3 MILLION POST-CONSOL SHARES
