Feb 2 (Reuters) - Blackhawk Resource Corp BLR.V :
* BLACKHAWK RESOURCE CORP. ANNOUNCES A BUSINESS COMBINATION WITH UMG MEDIA CORP.
* BLACKHAWK RESOURCE CORP - CO, UMG MEDIA ANNOUNCE THEY HAVE ENTERED INTO A LETTER OF INTENT WITH RESPECT TO A COMBINATION OF BOTH COMPANIES
* BLACKHAWK RESOURCE CORP - AGREEMENT WHERE BLACKHAWK WILL ACQUIRE ALL OF ISSUED AND OUTSTANDING COMMON SHARES OF UMG
* BLACKHAWK RESOURCE CORP - UPON COMPLETION OF TRANSACTION, RESULTING ISSUER WILL BE RENAMED UMG MEDIA LTD
* BLACKHAWK RESOURCE CORP - FOLLOWING DEAL COMPLETION, CO WILL ISSUE ABOUT 220 MILLION BLACKHAWK SHARES TO UMG SHAREHOLDERS, AT $0.12/SHARE