March 11 (Reuters) - Gindalbie Metals Ltd GBG.AX :
* PROPOSES TO DEMERGE ITS UNIT CODA MINERALS, TO GINDALBIE SHAREHOLDERS, ANSTEEL TO ACQUIRE GINDALBIE FOR CASH CONSIDERATION
* DEAL FOR $0.026 CASH FOR EACH OF SHARES IN GINDALBIE
* INDEPENDENT DIRECTORS UNANIMOUSLY RECOMMEND SHAREHOLDERS TO APPROVE ACQUISITION SCHEME, IN ABSENCE OF SUPERIOR PROPOSAL