Oct 15 (Reuters) - Metals X Ltd MLX.AX :
* Announces scrip bid for Aditya Birla Minerals Limited
* Says Metals X's offer is 1 Metals X share for every 5 Aditya Birla shares
* Intention to make an off-market takeover offer (offer) for all of the issued shares in Aditya Birla Minerals Limited
* Offer is equivalent to approximately $0.274 per Aditya Birla share compared to the closing price of $0.17 on oct 14
* Metals X wrote to Aditya Birla in may 2015 but has been "unable to initiate any engagement with Aditya Birla"
* Source text for Eikon ID:nASXb5xRKc