Sept 11 (Reuters) - Argonaut Gold Inc AR.TO :
* ARGONAUT GOLD ENTERS INTO AGREEMENT TO SELL ANA PAULA PROJECT FOR US$30 MILLION PLUS A C$10 MILLION CONTINGENT PAYMENT; UPSIDE TO ANA PAULA PROJECT RETAINED THROUGH 9.9% EQUITY IN ACQUIRING COMPANY AND 1% NET SMELTER RETURNS ROYALTY
* ARGONAUT GOLD INC - TOTAL CONSIDERATION TO ARGONAUT INCLUDES US$30 MILLION ON CLOSING
* ARGONAUT GOLD INC - TOTAL CONSIDERATION TO ARGONAUT INCLUDES C$10 MILLION UPON ANNOUNCEMENT OF COMMENCEMENT OF CONSTRUCTION