Sept 27 (Reuters) - HUMMINGBIRD RESOURCES PLC HUMR.L :
* CONDITIONAL ACQUISITION IN GOLD PROJECT, MALI
* CONDITIONAL ACQUISITION OF 50 PCT INTEREST IN KOBADA GOLD PROJECT OWNED BY AFRICAN GOLD GROUP INC
* DEAL TO TARGET AN INCREASE IN ANNUAL PRODUCTION AT YANFOLILA BY +45 PCT TO +150,000OZ PER ANNUM
* TRANSACTION IS SUBJECT TO CERTAIN CONDITIONS, INCLUDING THAT BINDING AGREEMENTS ARE ENTERED INTO WITHIN 45 DAYS
* 120-DAY EXCLUSIVITY PERIOD FOR DUE DILIGENCE
* HUMMINGBIRD TO RECEIVE 70 PCT OF CASHFLOWS UNTIL CAPEX RECOVERED
* DURING EXCLUSIVITY PERIOD HUMMINGBIRD HAS RIGHT TO INCREASE SHAREHOLDING IN AGG TO 19.2 PCT FOR A FURTHER CONSIDERATION OF CAD$4.4M