Coventry Resources Limited announced that it has entered into a definitive merger implementation agreement with Crescent Resources Corp. It is proposed that on completion of the merger the merged entity's name will be changed to "Coventry Resources Inc''. On completion of the Scheme, the board of directors will comprise six members, of which Coventry will nominate four and Crescent two members.

The operations team of the merged company will comprise primarily the current Coventry operations team, with each member to continue in their current role. This will be augmented by members of Crescent's operations team. It is anticipated that the board of directors of the merged entity will comprise: Michael Naylor, Managing Director and CEO (Coventry nominee), Michael Haynes, Non Executive Director (Coventry nominee), Tony Goddard, Executive Director (Coventry nominee), Steven Chadwick, Executive Director (Coventry nominee), Don Holliday, Executive Director (Crescent Nominee), Eric Edwards, Non Executive Director (Crescent nominee).