June 14 (Reuters) - Saracen Mineral Holdings Ltd (SAR) :
- SARACEN MAKES RECOMMENDED TAKEOVER OFFER FOR BLIGH RESOURCES
- TAKEOVER OFFER OF 0.0369 SARACEN SHARES FOR EVERY 1 BLIGH SHARE
- BOARD OF DIRECTORS OF BLIGH UNANIMOUSLY RECOMMEND TO SHAREHOLDERS THAT THEY ACCEPT OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL
- OFFER CONSIDERATION IS FINAL AND WILL NOT BE INCREASED