News: MRP Macphersons Resources Says Co And Intermin Resources To Merge

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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