Jan 16 (Reuters) - Azumah Resources Ltd AZM.AX :
* IBAERA HOLDS 88.85% OF AZUMAH & APPROACHES COMPULSORY ACQUISITION OF AZUMAH'S SHARES
* IBAERA SAID IT INTENDS TO PROCEED TO COMPULSORY ACQUISITION OF OUTSTANDING AZUMAH SHARES IF IT ACQUIRES 90% OR MORE OF AZUMAH SHARES