Oct 24 (Reuters) - Canasil Resources Inc CLZ.V :
* CANASIL SIGNS LETTER OF INTENT PROVIDING FOR PAN AMERICAN TO ACQUIRE CANASIL'S INTEREST IN THE SANDRA-ESCOBAR PROJECT FOR CDN $2 MILLION AND 2% NSR
* CANASIL RESOURCES INC - PARTIES ANTICIPATE COMPLETING DEFINITIVE AGREEMENT BY END OF NOVEMBER 2018
* CANASIL RESOURCES - AGREEMENT TO SUPERSEDE ALL PRIOR AGREEMENTS & ARRANGEMENTS BETWEEN CANASIL AND PAN AMERICAN WITH RESPECT TO SANDRA-ESCOBAR PROJECT
* CANASIL RESOURCES - PAN AMERICAN WILL HAVE RIGHT TO REDUCE NSR ROYALTY TO 1% AT ANY TIME BY PAYING CO CDN $4 MILLION