May 30 (Reuters) - Galaxy Resources Ltd GXY.AX :
* Galaxy Resources and General Mining to merge GXY.AX
* General Mining shareholders will receive 1.65 new Galaxy shares for every 1 General Mining share held
* Galaxy Resources and General Mining Corporation entered into definitive takeover bid implementation agreement to merge two co
* Proposal is unanimously recommended by directors of General Mining who have also agreed to accept galaxy's offer in respect of all shares they control
* The offer values General Mining at approximately A$216 million
* Says Steinepreis Paganin is acting as Australian legal adviser to Galaxy
* Says Canaccord Genuity is acting as financial adviser to General Mining
* Says Squire Patton Boggs is acting as Australian legal adviser to General Mining
* Source text for Eikon ID:nASX3wSqDK