Aug 18 (Reuters) - Thedocyard Ltd TDY.AX :
* THEDOCYARD AND ANSARADA ARE PROPOSING A MERGER
* ON COMPLETION OF TRANSACTION AND A PROPOSED CAPITAL RAISING, MERGED ENTITY IS EXPECTED TO HAVE A MARKET CAPITALISATION OF ABOUT A$125 MILLION
* ANTICIPATED THAT TDY WILL UNDERTAKE A SHARE CONSOLIDATION ON A 10 FOR 1 BASIS
* ENTERED INTO AGREEMENT FOR A PROPOSAL UNDER WHICH CO WILL ACQUIRE 100% OF ANSARADA
* UNDER DEAL, CAPITAL RAISING SEEN UNDERTAKEN BY TDY OF ABOUT A$45 MILLION
* ON COMPLETION, MANAGEMENT AND FOUNDERS OF TDY AND ANSARADA EXPECTED TO HOLD ABOUT 20% OF ISSUED CAPITAL OF MERGECO
* UNDER DEAL, ANTICIPATED THAT TDY WILL UNDERTAKE A SHARE CONSOLIDATION ON A 10 FOR 1 BASIS