Minbos to Merge with Angolan JV Partner

 Minbos to acquire its JV partner in the Cabinda Phosphate Project (Petril) in an all scrip and royalty based transaction  Minbos and Petril shareholders will each own ~50% of enlarged Minbos  Consolidates ownership of Cabinda Phosphate Project in Angola (to become 100% owned by Minbos)  Minbos will also acquire Petril’s two other phosphate projects in Angola  Transaction subject to execution