Aug 1 (Reuters) - Ascendant Resources Inc ASND.TO :
* ASCENDANT RESOURCES ACQUIRES INTEREST AND OPTION IN THE HIGHLY PROSPECTIVE LAGOA SALGADA VMS PROJECT LOCATED ON THE PROLIFIC IBERIAN PYRITE BELT IN PORTUGAL
* ASCENDANT RESOURCES INC SAYS HAS ACQUIRED FROM TH CRESTGATE GMBH A 25% INTEREST IN REDCORP - EMPREENDIMENTOS MINEIROS, LDA
* ASCENDANT RESOURCES - ACQUIRED INITIAL EFFECTIVE 25% INTEREST FOR UPFRONT PAYMENT OF $2.45 MILLION, COMPOSED OF $0.8 MILLION CASH & $1.65 MILLION IN CO'S SHARES
* ASCENDANT RESOURCES - WILL FUND ALL DEVELOPMENT & FUTURE CONSTRUCTION COSTS AND RECOUP CRESTGATE'S SHARE OF INVESTMENT THROUGH CASH FLOW UNTIL REPAID
* ASCENDANT RESOURCES INC - TRANSACTION IMMEDIATELY ACCRETIVE TO ASCENDANT'S ZNEQ METAL EXPOSURE