News: VMY Deep Yellow And Vimy Agree To A Proposed A$658 Million Merger

March 31 (Reuters) - Deep Yellow Ltd (DYL) :

• DEEP YELLOW LTD - DEEP YELLOW AND VIMY AGREE TO A PROPOSED A$658 MILLION MERGER TO CREATE A NEW GLOBAL URANIUM PLAYER
• DEEP YELLOW LTD - VIMY SHAREHOLDERS WILL RECEIVE 0.294 DEEP YELLOW SHARES FOR EVERY VIMY SHARE HELD ON SCHEME RECORD DATE
• DEEP YELLOW LTD - UPON IMPLEMENTATION OF SCHEME, DEEP YELLOW SHAREHOLDERS WILL HOLD 53% OF MERGED GROUP
• DEEP YELLOW LTD - VIMY BOARD UNANIMOUSLY RECOMMENDS THAT VIMY SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
• DEEP YELLOW LTD - BOARD OF MERGED GROUP WILL BE LED BY DEEP YELLOW'S MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER, JOHN BORSHOFF