Dec 5 (Reuters) - Minbos Resources Ltd MNB.AX :
* Minbos to merge with Angolan JV partner
* Minbos to acquire its jv partner in Cabinda Phosphate Project (Petril) in an all scrip and royalty based transaction
* Minbos major shareholder to exercise 385 million options exercisable at 1 cent each
* Minbos and Petril are 50:50 joint venture partners in Cabinda Phosphate Project
* If all options are exercised,matched by petril shareholders, co will raise just over a$14 million to apply to development of merged angolan phosphate portfolio Source text for Eikon: ID:nASX9V9XFK Further company coverage: MNB.AX