AURIUM AND PADBURY ENTER MERGER NEGOTIATIONSAurium Resources Ltd...

AURIUM AND PADBURY ENTER MERGER NEGOTIATIONS
Aurium Resources Ltd (ASX: AGU) and Padbury Mining Ltd (ASX: PDY) have entered into formal,
good faith negotiations on a possible merger between the two companies.
An agreement setting the terms of the negotiations was signed late yesterday afternoon.
This agreement sets out a 60-day exclusivity period and the necessary confidentiality obligations
and confirms that each party will undertake due diligence reviews of the other, plus discuss
possible merger terms and structures.
Terms of any merger have not yet been agreed and will be discussed as part of the negotiations
and are subject to shareholder approval