July 10 (Reuters) - Fairfax Africa Holdings Corp FAHu.TO :
* PROPOSED STRATEGIC TRANSACTION BETWEEN HELIOS HOLDINGS LIMITED AND FAIRFAX AFRICA HOLDINGS CORPORATION
* FAIRFAX AFRICA - HELIOS HOLDINGS GROUP TO CONTRIBUTE CERTAIN ECONOMIC STREAMS TO CO IN EXCHANGE FOR 45.9% EQUITY, VOTING INTEREST IN PRO FORMA SHARE CAPITAL OF CO
* FAIRFAX AFRICA HOLDINGS - FAIRFAX FINANCIAL WILL RETAIN VOTING CONTROL OF COMBINED ENTITY
* FAIRFAX AFRICA HOLDINGS CORP - FAIRFAX AFRICA WILL BE RENAMED HELIOS FAIRFAX PARTNERS CORPORATION
* FAIRFAX AFRICA - WILL BE GUARANTEEING REPAYMENT OF AMOUNTS DRAWN UNDER $40 MILLION SECURED CREDIT FACILITY MADE AVAILABLE BY FAIRFAX AFRICA TO ATLAS MARA