May 12 (Reuters) - BE Resources Inc BERh.V :
* BE RESOURCES ANNOUNCES PROPOSED DEBT SETTLEMENT
* BE RESOURCES INC - REACHED AGREEMENT TO SETTLE AN AGGREGATE OF $89,405.94 IN DEBT OWED BY CO
* BE RESOURCES INC - EXPECTED THAT, SUBJECT TO RECEIPT OF REQUISITE APPROVALS, COMPANY WILL ISSUE 1,324,532 COMMON SHARES TO SUPPORT CREDITORS
* BE RESOURCES - SUPPORT CREDITORS TO CONVERT INDEBTEDNESS INTO SHARES OF CO AT $0.0675 PER SHARE, SUBJECT TO APPROVAL FROM TSX VENTURE EXCHANGE
* BE RESOURCES-REACHED AGREEMENT WITH KEYSER SOZE SERVICES,MARRELLI SUPPORT SERVICES,DSA CORPORATE SERVICES, DSA FILING SERVICES, MARRELLI PRESS RELEASE SERVICES,CANADA VENTURE BUILDING LTD