Jan 17 (Reuters) - Explaurum Ltd EXU.AX :
* INDEPENDENT EXPERT HAS CONCLUDED THAT IMPROVED RAMELIUS OFFER IS FAIR AND REASONABLE
* INDEPENDENT EXPERT VALUES CO'S SHARES AT BETWEEN 12.3 - 19.0 CENTS & VALUE OF RAMELIUS OFFER IN RANGE OF 12.0 - 15.5 CENTS PER SHARE
* EXPLAURUM BOARD RECOMMENDS UNANIMOUSLY THAT SHAREHOLDERS ACCEPT RAMELIUS OFFER