May 5 (Reuters) - Australian gold producers Regis Resources RRL.AX and Vault Minerals VAU.AX on Tuesday agreed to merge in an all-scrip deal to create a combined entity valued at around A$10.7 billion($7.67 billion).
Under the proposal, Regis will acquire all shares in Vault by offering 0.6947 Regis shares for each Vault share, implying a deal value of A$5.15 billion, according to a joint statement.
($1 = 1.3953 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru; Editing by Sahal Muhammed)
((Nikita.Jino@thomsonreuters.com;))