Announcements can be found here. Key takeaway: Under the proposed merger of equals between Alliance Minerals (SGX: 40F) and Tawana Resources (ASX: TAW), Tawana will become a subsidary of Alliance Minerals, with proforma ownership split 51/49 between Alliance/Tawana shareholders.  The proforma Market Cap post-merger is expected to be ~A$446m and this will place the merged entity in the position of a Mid-Cap producer. Capital raising to take place. In an earlier news, 85% of non-Bald Hill assets such as Cowan will be spun off in a Spinco (no actual name yet), with ownership by existing Tawana shareholders. There will still be a 15% stake by Tawana thereafter prior to the merger. This also translates to the merged entity having ~7.5% stake in these assets. Mark Calderwood (Managing Director of Tawana) will be the Managing Director of the merged entity. Existing Tawana shareholders will receive 1.1 Alliance Mineral shares for every 1 Tawana ......