Sept 25 (Reuters) - Technology Metals Australia Ltd (TMT) :AUSTRALIAN VANADIUM AND TECHNOLOGY METALS AUSTRALIA AGREE A$217 MILLION MERGERTMT SHAREHOLDERS WILL RECEIVE 12.00 AVL SHARES FOR EVERY TMT SHARE HELD ON SCHEME RECORD DATEUNDER PROPOSED SCHEME AVL WILL ACQUIRE 100% OF TMT SHARES ON ISSUESCHEME IS UNANIMOUSLY RECOMMENDED BY TMT BOARDMERGER IMPLIES OFFER PRICE OF A$0.324 PER TMT SHARECOMBINED GROUP WILL CONTINUE TO TRADE AS AUSTRALIAN VANADIUM LIMITED ON ASXAVL TO CONDUCT INSTITUTIONAL PLACEMENT TO RAISE A$15 MILLION
TMT Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
