News: MLM Metallica Minerals Entered Into Binding Arrangement Agreement To Merge With Melior...

Sept 13 (Reuters) - Metallica Minerals Ltd (MLM) :

• ASX ALERT-TRANSFORMATIONAL MERGER WITH MELIOR RESOURCES-MLM.AX
• ENTERED INTO BINDING ARRANGEMENT AGREEMENT TO MERGE WITH MELIOR RESOURCES INC TO BE APPROVED BY COURT IN BRITISH COLUMBIA, CANADA
• MERGER VALUES METALLICA AT A$0.042 PER SHARE
• METALLICA TO OFFER 20 MLM SHARES FOR EVERY 1 MLR SHARE
• MELIOR SHAREHOLDERS WILL HOLD APPROXIMATELY 64% OF MERGED ENTITY
• DIRECTORS OF METALLICA UNANIMOUSLY RECOMMEND THAT METALLICA SHAREHOLDERS VOTE IN FAVOUR OF MERGER