Oct 10 (Reuters) - Randsburg International Gold Corp RGZh.V :
* RANDSBURG INTERNATIONAL GOLD CORP. ANNOUNCES PROPOSED REVERSE TAKEOVER BY CRESCO LABS, LLC
* RANDSBURG INTERNATIONAL GOLD CORP - ENTERED INTO BINDING LETTER AGREEMENT WITH CHICAGO-BASED CANNABIS CO CRESCO LABS, LLC
* RANDSBURG INTERNATIONAL GOLD - WILL BE REQUIRED TO CHANGE ITS NAME TO CRESCO LABS INC. OR SUCH OTHER NAME ACCEPTABLE TO REGULATORY AUTHORITIES
* RANDSBURG INTERNATIONAL GOLD - LETTER AGREEMENT OUTLINES PROPOSED TERMS & CONDITIONS UNDER WHICH CO & CRESCO WILL EFFECT BUSINESS COMBINATION
* RANDSBURG INTERNATIONAL GOLD CORP - TO REPLACE ALL DIRECTORS AND OFFICERS OF COMPANY ON CLOSING OF PROPOSED TRANSACTION WITH NOMINEES OF CRESCO
* RANDSBURG INTERNATIONAL GOLD - CO WILL BE REQUIRED TO CONSOLIDATE SHARES SUCH THAT SHAREHOLDERS RETAIN AGGREGATE OF C$2.2 MILLION IN RESULTING ISSUER SHARES