April 2 (Reuters) - Capricorn Metals Ltd CMM.AX :
* RECEIVED LETTER OF INTENT FROM EMERALD RESOURCES NL AND HAWKES POINT HOLDINGS OUTLINING CURRENT INTENTION OF THE CONSORTIUM
* CONSORTIUM TO SUBMIT A PROPOSAL TO ACQUIRE 100% OF ISSUED SHARE OF CO FOR A PURCHASE PRICE OF $0.11 PER CAPRICORN SHARE
* CAPRICORN HAS REJECTED APPROACH