BRIEF-Newcastle Gold and Catalyst Copper announce merger
March 22 (Reuters) - Newcastle Gold Ltd :
* Prior to completion of business combination, stock options and warrants of catalyst will be exercised such that catalyst will have not less than c$3.75 million cash amounts
* Newcastle gold and catalyst copper announce merger to strengthen board and provide financial flexibility
* Newcastle will acquire all of outstanding common shares of catalyst in exchange for common shares of newcastle
* Exchange ratio will be such that outstanding shares of newcastle will be held 60%, by shareholders of newcastle and 40%, by shareholders of catalyst Source text for Eikon: Further company coverage:
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