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BRIEF-Renaissance Minerals says Emerald Resources and Renaissance Minerals to merge

Published 19/07/2016, 01:32 pm
Updated 19/07/2016, 01:40 pm
© Reuters.  BRIEF-Renaissance Minerals says Emerald Resources and Renaissance Minerals to merge

July 19 (Reuters) - Renaissance Minerals Ltd RNS.AX :

* Emerald resources and Renaissance Minerals to merge

* Says Emerald will acquire all shares in Renaissance by offering 1.55 new

emerald shares for every 1 Renaissance share

* Says Simon Lee Ao, chairman of Emerald, will remain as chairman of the board

of the combined group

* Merged entity will have a pro-forma market capitalisation of approximately

A$95 million and approximately A$20 million of cash

* Offer values Renaissance at approximately A$40 million or 7.0 cents per share

* Source text for Eikon ID:nASX8gHMdr

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