Feb 4 (Reuters) - Sun Metals SUNM.V :
* SUN METALS AND LORRAINE ENTER INTO ARRANGEMENT AGREEMENT
* SUN METALS CORP - CONSIDERATION VALUES LORRAINE AT APPROXIMATELY $0.24 PER LORRAINE SHARE
* SUN METALS CORP - STEVE ROBERTSON WILL CONTINUE TO SERVE AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF SUN METALS
* SUN METALS CORP - LORRAINE SHAREHOLDERS WILL RETAIN A MEANINGFUL STAKE IN COMBINED ENTITY
* SUN METALS CORP - DONALD MCINNES WILL CONTINUE IN ROLE OF CHAIRMAN
* SUN METALS CORP - IN DEAL, SHAREHOLDERS OF LORRAINE WILL GET 0.54 OF A SHARE OF SUN METALS FOR EVERY LORRAINE SHARE HELD