Nov 14 (Reuters) - Royalco Resources Ltd RCO.AX :
* NOTES ANNOUNCEMENT OF AN OFF-MARKET TAKEOVER OFFER BY FITZROY RIVER CORPORATION LIMITED
* BOARD OF DIRECTORS HAS FORMED AN INDEPENDENT BOARD COMMITTEE TO CONSIDER TAKEOVER OFFER FROM FITZROY
* WILL APPOINT INDEPENDENT EXPERT TO PREPARE A REPORT ON WHETHER OFFER IS FAIR AND REASONABLE
* SHAREHOLDERS ARE ADVISED TO TAKE NO ACTION IN RELATION TO OFFER AT THIS STAGE