Aug 16 (Reuters) - Nomad Ventures Inc NMD.V :
* Nomad Ventures Inc. Announces a binding letter of intent with Katanga Cobalt Corp.
* Will enter share exchange agreement whereby outstanding securities of Katanga to be exchanged for securities of co on a 1:1 basis
* Uupon closing of transaction, it is anticipated that Nomad will change its name to "Bankers Cobalt Corp."
* Upon completion, anticipated that certain of co's current management will resign, representatives of Katanga to manage corporation
* On closing of deal, it is anticipated co will carry on development of Katanga's mineral projects in Democratic Republic of Congo
* Proposed that Stephen Barley to be President, CEO and director, Murray Flanigan to be CFO on closing