June 21 (Reuters) - Dalradian Resources Inc DNA.TO :
* RECOMMENDED CASH OFFER BY ORION MINE FINANCE TO ACQUIRE DALRADIAN RESOURCES INC.
* DALRADIAN RESOURCES - UNDER TERMS, EACH DALRADIAN SHAREHOLDER WILL RECEIVE CASH CONSIDERATION OF C$1.47 FOR EACH DALRADIAN SHARE HELD
* DEAL VALUES DALRADIAN'S TOTAL EQUITY AT APPROXIMATELY C$537 MILLION, ON A FULLY DILUTED IN-THE-MONEY BASIS
* ACQUISITION WILL BE FINANCED USING CASH ON HAND IN CO, MADE AVAILABLE TO ORION AS A LOAN, AND CASH AVAILABLE TO ORION
* ORION HAS CONFIRMED THAT IT HAS SUFFICIENT CASH AVAILABLE TO FINANCE CONSIDERATION FOR TRANSACTION
* DALRADIAN RESOURCES -DALRADIAN SHARES HELD BY MEMBERS OF DALRADIAN SENIOR MANAGEMENT, SEAN ROOSEN, OSISKO GOLD ROYALTIES WILL NOT BE ACQUIRED BY ORION
* ARRANGEMENT AGREEMENT INCLUDES A TERMINATION FEE OF C$20 MILLION, PAYABLE BY DALRADIAN, UNDER CERTAIN CIRCUMSTANCES