July 13 (Reuters) - Compass Gold Corp CVBh.V :
* signs letter of intent to acquire Sikasso Gold assets in Mali
* Compass Gold Corp - as part of acquisition, company will complete a 5:1 consolidation of its shares
* Compass Gold Corp - compass will acquire all MGE shares from MGE shareholders on a 0.6:1 basis
* Compass Gold Corp - Compass has also agreed to pay up to $50,000 in transaction costs incurred by MGE or MGE shareholders in connection with deal
* Compass Gold- co will acquire all MGE shares from MGE shareholders on 0.6:1 basis, result in issuance of aggregate of 12 million post-consolidation shares
* Compass Gold Corp - Co and Mali Gold Exploration Pty Ltd have entered into a binding letter of intent dated July 13, 2017
* Compass Gold-co to acquire all of issued and outstanding shares of MGE in exchange for issuance of post-consolidation shares of co to shareholders of MGE
Source text for Eikon: ID:nCCN4ZKw3a Further company coverage: CVBh.V