Jan 18 (Reuters) - Minera Alamos Inc MAI.V :
* Signs binding loi to acquire the la fortuna gold project from Argonaut Gold
Inc
* Says company will pay the vendor USD $750,000 on closing
* An additional USD $250,000 will be paid 9 months after the deal closing
* USD $1 million will be paid by co upon the announcement of a construction
decision
* Vendor is also entitled to a 2.5 percent net smelter returns royalty subject
to a maximum amount of US$4.5 million
* Will be initiating the permitting process immediately upon closing of the
transaction
* Source text for Eikon Further company coverage MAI.V