Feb 16 (Reuters) - Orca Exploration Group Inc ORCb.V :
* Lloyd Miller - says Orca CEO lyons advised Miller that Orca would not pursue
a substantial issuer bid, but instead intended to privatize Orca
* Lloyd Miller - says he is disappointed that Orca is not proceeding with the
substantial issuer bid
* Lloyd miller- will closely evaluate terms to determine if price offered and
other terms are fair to the class B subordinate voting shareholders
* Source text for Eikon
* Further company coverage ORCb.V