Dec 11 (Reuters) - Macphersons Resources Ltd MRP.AX :
* MACPHERSONS AND INTERMIN AGREE TO MERGE
* MERGER IS UNANIMOUSLY RECOMMENDED BY BOARD OF MACPHERSONS IN ABSENCE OF A SUPERIOR PROPOSAL
* INTERMIN AND MACPHERSONS EXECUTED MERGER IMPLEMENTATION AGREEMENT TO PROGRESS PROPOSED COMBINATION OF 2 COMPANIES
* MERGER IS UNANIMOUSLY RECOMMENDED BY THE BOARD OF MACPHERSONS IN THE ABSENCE OF A SUPERIOR PROPOSAL
* INTERMIN RESOURCES TO OFFER 1 INTERMIN SHARE FOR EVERY 1.8227 MACPHERSONS RESOURCES SHARES HELD
* MERGED ENTITY WILL BE LED BY INTERMIN MANAGING DIRECTOR JON PRICE
* PROPOSED OFFER VALUES MACPHERSONS AT ABOUT A$0.0825 PER SHARE
* COMBINED ENTITY INTENDS TO START FEASIBILITY STUDY FOR INTEGRATED DEVELOPMENT OF COMPANIES' RESPECTIVE EXISTING GOLD PROJECTS
* INTERMIN CHAIRMAN PETER BILBE WILL BE NON-EXECUTIVE CHAIRMAN OF MERGED ENTITY