April 1 (Reuters) - eCobalt Solutions Inc ECS.TO :
* JERVOIS MINING AND ECOBALT TO COMBINE
* ECOBALT SOLUTIONS INC - 15.9% OF ECOBALT'S OUTSTANDING SHARES ARE COMMITTED TO VOTE IN FAVOR OF TRANSACTION
* ECOBALT SOLUTIONS INC - EACH COMMON SHARE OF ECOBALT WILL BE EXCHANGED FOR 1.65 COMMON SHARES OF JERVOIS
* ECOBALT SOLUTIONS INC - ECOBALT STOCK OPTIONS AND WARRANTS WILL PROVIDE THAT UPON EXERCISE HOLDERS WILL RECEIVE JERVOIS SHARES
* ECOBALT SOLUTIONS INC - EXCHANGE RATIO REPRESENTS AN IMPLIED OFFER PRICE OF C$0.36 PER ECOBALT SHARE
* ECOBALT SOLUTIONS INC - ECOBALT HAS ENTERED INTO A BINDING TERM SHEET
* ECOBALT SOLUTIONS INC - DUNDEE RESOURCES LIMITED AGREED TO SUBSCRIBE FOR APPROXIMATELY 6.3 MILLION UNITS
* ECOBALT SOLUTIONS INC - AFTER COMPLETION OF DEALS, PRO FORMA BASIC OWNERSHIP OF COMBINED COMPANY WILL BE APPROXIMATELY 40% OUTSTANDING JERVOIS SHARES
* ECOBALT SOLUTIONS INC - TRANSACTION WILL RESULT IN ISSUE OF APPROXIMATELY 262.4 MILLION NEW JERVOIS COMMON SHARES