Feb 19 (Reuters) - Aya Gold & Silver Inc AYA.TO :
* AYA GOLD & SILVER SIGNS BINDING AGREEMENT TO ACQUIRE ALGOLD RESOURCES
* AYA GOLD & SILVER - UNDER TERMS OF INVESTMENT AGREEMENT, CO TO PROVIDE ALGOLD WITH C$100,000 IN CASH & C$2.5 MILLION IN AYA SHARES TO FUND ALGOLD'S PROPOSAL
* AYA GOLD & SILVER - CO TO PROVIDE C$2.4 MILLION IN AYA SHARES TO BE DISTRIBUTED TO ALGOLD CURRENT SHAREHOLDERS WITH VIEW TO BECOME ALGOLD'S SOLE SHAREHOLDER