Aug 23 (Reuters) - Compass Gold Corp CVBh.V
* Compass Gold announces definitive agreement to acquire Sikasso Gold property in Mali
* Will complete a 5:1 consolidation of its shares
* Transaction and concurrent $6 million financing expected to be completed by end of October 2017
* Proceeds of financing will be used for recommended work program on sikasso property
* Proposed that Larry Phillips will be appointed as president and chief executive officer of compass