Firms Merge/Split: Raise Money

Australia's Metals X and China's Yunnan Tin Group have announced that they had signed a Heads of Agreement to form a joint venture to control the MLX's Tasmanian tin assets. Meanwhile, Cadillac Ventures Inc, a junior Toronto mineral developer, says it has failed to reach a final agreement with Latin American Minerals Inc on the Tendal VMS zinc, lead and copper project in Argentina and has decided to scrap talks. Australian tin exploration company Consolidated Tin Mines Limited is to undertake a placement of 10 million shares to raise A$1million.