Feb 16 (Reuters) - Brio Gold Inc BRIO.TO :
* LEAGOLD AND BRIO GOLD AGREE TO A FRIENDLY ACQUISITION
* LEAGOLD AND BRIO GOLD AGREE TO A FRIENDLY ACQUISITION
* LEAGOLD MINING - PURSUANT TO DEFINITIVE ARRANGEMENT DEAL FOR EACH BRIO COMMON SHARE, CO TO ISSUE 0.922 OF CO SHARE, 0.4 OF CO SHARE PURCHASE WARRANT
* LEAGOLD MINING - DEAL FOR TOTAL CONSIDERATION ABOUT $279 MILLION
* LEAGOLD MINING - ANTICIPATES SIGNIFICANT COST SAVINGS THROUGH REDUCTION OF BRIO'S CORPORATE COSTS, SEES SAVINGS BETWEEN $8 MILLION - $10 MILLION PER YEAR
* LEAGOLD MINING CORP - COMBINED ENTITY IS EXPECTED TO PRODUCE BETWEEN 420,000 AND 475,000 OZ OF GOLD IN 2018