News: MYL Myanmar Metals Advises It Got A Non-Binding, Conditional Proposal From Yintai Gold Co

June 16 (Reuters) - Myanmar Metals Ltd (MYL) :

• CONDITIONAL NON-BINDING PROPOSAL TO ACQUIRE ALL MYL SHARES-MYL.AX
• CONDITIONAL NON-BINDING PROPOSAL TO ACQUIRE ALL MYL SHARES-MYL.AX
• ADVISES THAT IT HAS RECEIVED A NON-BINDING, CONDITIONAL PROPOSAL FROM YINTAI GOLD CO
• DEAL FOR CASH CONSIDERATION OF AUD 66.5 MILLION
• THERE IS NO GUARANTEE THAT A FORMAL OFFER WILL BE MADE BY YINTAI
• CO WILL WORK WITH YINTAI TO FACILITATE THEIR DUE DILIGENCE PROCESS WITH AIM OF ENTERING INTO AN IMPLEMENTATION AGREEMENT