Dec 15 (Reuters) - Eza Corporation Ltd EZA.AX :
* Eza corporation says board advises shareholders to take no action until board has had an opportunity to consider mercantile's proposal
* Eza corporation says board considering mercantile's proposal and not yet in a position to make formal recommendation to shareholders Source text for Eikon: ID:nASXb8z5Xs Further company coverage: EZA.AX