July 31 (Reuters) - Rawson Oil And Gas Ltd (RAW) :
- LAKES OIL IS OFFERING 15 LAKES OIL SHARES FOR EVERY 1 RAWSON SHARE
- LAKES OIL TO MAKE AN OFF-MARKET TAKEOVER OFFER TO ACQUIRE ALL OF ISSUED SHARES IN RAWSON OIL & GAS LIMITED
- RAWSON DIRECTORS UNANIMOUSLY RECOMMEND THAT RAWSON SHAREHOLDERS ACCEPT OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL
- LAKES OIL'S OFFER VALUES RAWSON AT $3.75M
