March 15 (Reuters) - Kingwest Resources Ltd (KWR) :
- KINGWEST RESOURCES AND BRIGHTSTAR RESOURCES HAVE AGREED TO REVISED CONSIDERATION FOR PROPOSED MERGER
- KINGWEST BOARD UNANIMOUSLY RECOMMENDS REVISED SCHEME
- KINGWEST SHAREHOLDERS TO RECEIVE 1 BRIGHTSTAR SHARE FOR EVERY 0.38 SHARES
- UPON IMPLEMENTATION OF SCHEME, KINGWEST SHAREHOLDERS WILL HOLD ABOUT 47% OF MERGED GROUP