Dec 5 (Reuters) - Minbos Resources Ltd (MNB) :
- Minbos to merge with Angolan JV partner
- Minbos to acquire its jv partner in Cabinda Phosphate Project (Petril) in an all scrip and royalty based transaction
- Minbos major shareholder to exercise 385 million options exercisable at 1 cent each
- Minbos and Petril are 50:50 joint venture partners in Cabinda Phosphate Project
- If all options are exercised,matched by petril shareholders, co will raise just over a$14 million to apply to development of merged angolan phosphate portfolio
