Nov 28 (Reuters) - Ramelius Resources Ltd RMS.AX :
* UPDATES ON EXPLAURUM TAKEOVER
* RAMELIUS HAS DECIDED NOT TO PROCEED WITH ITS INDICATIVE, NON-BINDING AND INCOMPLETE PROPOSAL
* ADVISES THAT IF ALKANE TRANSACTION COMPLETES, IT WILL SEEK ASIC APPROVAL TO WITHDRAW BID BEFORE IT LAPSES ON 21 DECEMBER
* CONFIRMS HAS NOT WAIVED ANY OF DEFEATING CONDITIONS, INCLUDING THOSE WHICH MAY BE TRIGGERED IN CONNECTION WITH ALKANE TRANSACTION