BRIEF-RTG Mining to merge with Sierra Mining

Feb 24 (Reuters) - RTG Mining Inc RTG.TO :

* To merge with Sierra Mining Limited

* Says consideration represents about C$0.301 per Sierra share

* Cos agreed exchange ratio of 3 RTG shares for each Sierra share held and 1

RTG option for every 3 Sierra shares held

* Conditional scheme implementation to combine cos at exchange ratio of 3 RTG

shares for 1 Sierra share;plus 1 RTG option for 3 Sierra shares

* Says RTG options will be exercisable for a period of three years at an

exercise price of C$0.15

* Source text for Eikon News Search ID:nCNWWXXQva

* Further company coverage RTG.TO

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