DJ Gindalbie Metals, Sundance Resources To Merge - Source24/09/2007 11:19AM AEST PERTH (Dow Jones)--Gindalbie Metals Ltd. (GBG.AU) and Sundance Resources Ltd. (SDL.AU) plan to merge, a person familiar with the deal said Monday.
The two iron ore mine developers are based in Perth and are chaired by Western Australian mining veteran George Jones.
The deal would likely involve a share swap, the person said, and could be announced as early as Monday.
Based on the market values of the companies, the merger would create a A$2.2 billion group.
Shares in both companies are in a trading halt.
By Stephen Bell, contributing to Dow Jones Newswires
GBG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
