(Adds second, third and fourth bullets)
Aug 21 (Reuters) - Cazaly Resources Ltd CAZ.AX :
* SIGNS AGREEMENT FOR SALE OF PARKER RANGE TO MINERAL RESOURCES LIMITED
* TERMINATED EXCLUSIVITY PERIOD WITH GOLD VALLEY IRON PTY UNDER ITS CONDITIONAL AGREEMENT WITH GOLD VALLEY ANNOUNCED ON JUNE 11
* RECEIVED BINDING HEADS OF AGREEMENT PROPOSAL FROM MINERAL RESOURCES; BOARD CONSIDERS PROPOSAL TO BE MORE FAVOURABLE
* MINERAL RESOURCES OFFERS TOTAL CASH CONSIDERATION OF $20M PLUS ROYALTY
* AGREEMENT WITH MINERAL RESOURCES IS A SUPERIOR PROPOSAL AND CAZALY ENDS EXCLUSIVITY PERIOD WITH GOLD VALLEY IRON