March 22 (Reuters) - Tawana Resources Nl TAW.AX :
* ANNOUNCES INTENTION TO RESTRUCTURE CO'S ASSETS IN ORDER TO FOCUS ON ITS FLAGSHIP BALD HILL PROJECT
* RESTRUCTURING TO INVOLVE TRANSFER OF COWAN, YALLARI & MOFE CREEK ASSETS TO A WHOLLY OWNED PUBLIC COMPANY
* TAWANA WILL RETAIN A 15% INTEREST IN NEWLY CREATED CO