Oct 15 (Reuters) - Galilee Energy Ltd :
* GALILEE AND VINTAGE ENTER INTO SCHEME IMPLEMENTATION DEED
* CO'S SHAREHOLDERS WILL RECEIVE 2 FULLY PAID ORDINARY SHARES IN VINTAGE FOR EVERY 1 FULLY PAID ORDINARY SHARE IN CO
* UPON IMPLEMENTATION OF SCHEME, EXISTING VINTAGE AND CO SHAREHOLDERS WILL HOLD 60% AND 40% OF MERGED GROUP RESPECTIVELY
* BOARD RECOMMENDS ALL GALILEE SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
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