Jan 23 (Reuters) - Mount Ridley Mines Ltd MRD.AX :
* TO ACQUIRE 100% OF ISSUED CAPITAL OF LONGLAND RESOURCES LIMITED
* TO ISSUE 1.76 BILLION SHARES AND 300M PERFORMANCE SHARES
* INITIAL DEAL FOR 19 SHARES IN CO FOR EVERY 1 LONGLAND SHARE FOR TOTAL OF 1.76 BILLION SHARES AT DEEMED ISSUE PRICE $0.003 PER SHARE