Aug 27 (Reuters) - Echo Resources Ltd (EAR) : ENTERED BID...

Aug 27 (Reuters) - Echo Resources Ltd (EAR) :

• ENTERED BID IMPLEMENTATION AGREEMENT WITH NORTHERN STAR RESOURCES
• NORTHERN STAR WILL OFFER TO ACQUIRE ALL OF ISSUED AND OUTSTANDING ORDINARY SHARES IN ECHO THAT IT DOES NOT ALREADY OWN
• UNDER DEAL, EACH ECHO SHAREHOLDER WILL RECEIVE A CASH OFFER OF A$0.33 FOR EVERY ECHO SHARE HELD
• NORTHERN STAR MAKES CASH OFFER OF A$0.33 A SHARE
• OFFER IMPLIES A FULLY DILUTED EQUITY VALUE FOR ECHO OF APPROXIMATELY A$242.6 MILLION
• DIRECTORS OF ECHO INDEPENDENT OF NORTHERN STAR HAVE UNANIMOUSLY RECOMMENDED THAT ECHO SHAREHOLDERS ACCEPT OFFER