May 5 (Reuters) - Vault Minerals VAU.AX:
REGIS AND VAULT TO CREATE A NEW SENIOR GOLD PRODUCER,RRL-VAU.AX
REGIS TO BUY 100% OF VAULT IN MERGER-OF-EQUALS
SHAREHOLDERS TO RECEIVE 0.6947 REGIS SHARES PER VAULT SHARE
RUSSELL CLARK TO BE NON-EXECUTIVE CHAIRMAN, JIM BEYER TO BE CEO OF COMBINED COMPANY
SCHEME IS UNANIMOUSLY RECOMMENDED BY VAULT BOARD
UPON IMPLEMENTATION, REGIS SHAREHOLDERS WILL OWN 51% AND VAULT SHAREHOLDERS WILL OWN 49% OF COMBINED CO
Further company coverage: VAU.AX
((Reuters.Briefs@thomsonreuters.com;))