July 31 (Reuters) - Ascot Resources Ltd AOT.V :
* Ascot executes definitive agreement to acquire premier
* Ascot Resources Ltd - pursuant to terms of agreement, Ascot must pay to boliden a total purchase price of CDN$4.8 million
* Ascot Resources-entered deal with Boliden Ltd,co will buy mineral rights,land,permits,other assets held by boliden in connection with premier gold mine
* Ascot Resources - co has agreed to pay to boliden a net smelter royalty of 5 pct on any future mine production at premier property
* Ascot Resources - smelter royalty on premier property may be purchased by Ascot for sum of CDN$9.6 million