June 27 (Reuters) - Hammer Metals Ltd HMX.AX :
* ENTERED TERM SHEET TO SELL ITS 75% STAKE IN MILLENNIUM COBALT PROJECT TO GLOBAL ENERGY METALS CORP
* CONSIDERATION IS ISSUE TO HAMMER OF GEMC ORDINARY SHARES, HAMMER TO OWN A 19.9% STAKE IN GEMC AFTER DEAL PLUS BOARD REPRESENTATION