News: RNS Renaissance Minerals says Emerald Resources and Renaissance Minerals to merge

July 19 (Reuters) - Renaissance Minerals Ltd (RNS) :

• Emerald resources and Renaissance Minerals to merge
• Says Emerald will acquire all shares in Renaissance by offering 1.55 new

  emerald shares for every 1 Renaissance share

• Says Simon Lee Ao, chairman of Emerald, will remain as chairman of the board

  of the combined group

• Merged entity will have a pro-forma market capitalisation of approximately

  A$95 million and approximately A$20 million of cash

• Offer values Renaissance at approximately A$40 million or 7.0 cents per share