May 1 (Reuters) - Havilah Resources Ltd HAV.AX :
* SECURES FUNDING OF UP TO $100M FROM GFG ALLIANCE
* ESTABLISHES A STRATEGIC PARTNERSHIP WITH GFG
* FUNDING TO BE PROVIDED VIA SERIES OF EQUITY PLACEMENTS IN HAVILAH AT PREMIUM UP TO 35% OVER EXPECTED PERIOD OF 3 YEARS
* FUNDING POTENTIALLY PROVIDING GFG A 51% STAKE IN HAVILAH IF ALL EQUITY PLACEMENTS ARE MADE
* CO RETAINS OPERATIONAL CONTROL OF ALL ASSETS INCLUDING KALKAROO, REGIONAL EXPLORATION; MAINTAINS MAJORITY OF INDEPENDENT DIRECTORS