Feb 16 (Reuters) - Gbm Resources Ltd GBZ.AX
* Asx Alert-Merger With Canadian Company WCB Resources-Gbz.Ax
* Co and WCB resources executed binding heads of agreement to merge
* Deal will result in a substantial ASX listed gold development and exploration company focussed in Australia And Papua New Guinea
* Board of directors of each co have unanimously given support for merger and major shareholders have indicated support for merger
* WCB president and CEO, Cameron Switzer, will join board of merged entity
* Under HOA each WCB shareholder will receive 8 GBM ordinary shares for every WCB common share Source text for Eikon: ID:nASX8HNrdb Further company coverage: GBZ.AX