May 24 (Reuters) - Beaufield Resources Inc BFD.V :
* Beaufield Resources acquires 100pct interest in the urban-windfall sector
* Announce acquisition of a 100pct interest in 299 hectare windfall east project from alto ventures ltd
* Beaufield will pay alto $300,000 cash
* Beaufield will issue 2.75 million beaufield shares to alto
* Beaufield Resources - Alto will retain a 1pct net smelter return royalty on property with buyback provision for 0.5pct of NSR by beaufield for $1 million
* Beaufield will subscribe for 2.9 million shares of ALTO at a price of $0.12 per share for proceeds of $350,000 Source text for Eikon: ID:nCCNXjQFga Further company coverage: BFD.V