March 11 (Reuters) - Treasury Metals Inc TML.TO :
* PLATINEX INC.AND TREASURY METALS INC TO CONSOLIDATE ADJOINING PROJECTS TO ADVANCE SHINING TREE GOLD PROPERTY, ONTARIO
* TREASURY WILL TRANSFER A 100% INTEREST IN ITS 280 CLAIM UNIT 5,045 HA SHINING TREE FAWCETT EAST PROPERTY TO PLATINEX
* TREASURY - PLATINEX WILL ISSUE TO TREASURY 12.5 MILLION COMMON SHARES OF PLATINEX AND 5,000,000 NON-TRANSFERABLE COMMON SHARE PURCHASE WARRANTS OF PLATINEX
* TREASURY - CO WILL CONTRIBUTE OPERATIONAL EFFICIENCIES BETWEEN TWO CO'S WITH A VIEW TO PROVIDE EFFECTIVE MANAGEMENT TO ADVANCE SHINING TREE PROPERTY
* TREASURY WILL UNDERTAKE TO SUPPORT PLATINEX'S MANAGEMENT FOR A TWO-YEAR PERIOD IN SHAREHOLDER VOTES
* TREASURY WILL HAVE RIGHT TO APPOINT A NOMINEE TO BOARD OF DIRECTORS OF PLATINEX
* TREASURY - PLATINEX WILL GRANT TREASURY FIRST RIGHT OF REFUSAL TO PARTICIPATE IN FURTHER FINANCINGS OF PLATINEX SHARES FOR PERIOD OF TWO YEARS