Oct 6 (Reuters) - Northern Star Resources Ltd NST.AX :
* NORTHERN STAR AND SARACEN AGREE TO A MERGER
* SARACEN SHAREHOLDERS TO RECEIVE 0.3763 NEW FULLY PAID ORDINARY SHARES IN NORTHERN STAR FOR EACH SARACEN SHARE HELD
* TARGETING PRODUCTION OF 2MOZPA FROM THREE TIER-1 PRODUCTION CENTRES BY FY27
* BOARD WILL COMPRISE 5 DIRECTORS FROM NORTHERN STAR AND 4 DIRECTORS FROM SARACEN
* BILL BEAMENT TO BE EXECUTIVE CHAIR OF MERGED GROUP THROUGH TRANSITIONAL PERIOD
* POST-COMPLETION OF SCHEME, SARACEN SHAREHOLDERS WILL OWN 36.0% OF MERGED GROUP
* DEAL UNANIMOUSLY RECOMMENDED BY SARACEN BOARD
* MERGED GROUP TO CONTINUE AS NORTHERN STAR RESOURCES & TRADE ON ASX
* DEAL UNANIMOUSLY ENDORSED AND SUPPORTED BY NORTHERN STAR BOARD
* RALEIGH FINLAYSON TO BE MANAGING DIRECTOR
* SARACEN SHAREHOLDERS WILL ALSO BE PAID A SPECIAL, FULLY FRANKED DIVIDEND OF A3.8¢ PER SARACEN SHARE
* PRE-TAX SYNERGIES ALONE ARE EXPECTED TO BE WORTH IN ORDER OF A$1.5 TO A$2.0 BLN OVER NEXT 10 YEARS
* STUART TONKIN WILL BE CEO AND MORGAN BALL WILL BE CFO OF MERGED CO