Dec 19 (Reuters) - Sabina Gold & Silver Corp SBB.TO :
* SABINA GOLD & SILVER ANNOUNCES 9.9% STRATEGIC INVESTMENT BY ZHAOJIN INTERNATIONAL MINING CO LTD
* SAYS ZHAOJIN INTERNATIONAL MINING CO HAS AGREED TO PURCHASE 24.9 MILLION COMMON SHARES OF COMPANY AT A PRICE OF $2.65 PER SHARE
* SAYS CO, ZHAOJIN INTERNATIONAL SIGNED SHAREHOLDER AGREEMENT INCLUDING STANDSTILL IN EFFECT FOR 4 YEARS FROM CLOSING OF FINANCING
* SAYS ZHAOJIN INTERNATIONAL WILL HAVE RIGHT TO NOMINATE ONE DIRECTOR TO SABINA'S BOARD AT 9.9 PERCENT OWNERSHIP
* SAYS SHAREHOLDER AGREEMENT INCLUDES ZHAOJIN INTERNATIONAL TO HAVE OPTION TO INCREASE SHAREHOLDING TO UP TO 19.9% OF SHARES OF CO
* SAYS ZHAOJIN INTERNATIONAL WILL HAVE AN OPTION TO INCREASE ITS SHAREHOLDING TO UP TO 19.9% OF COMMON SHARES OF COMPANY
* SAYS ZHAOJIN INTERNATIONAL SHALL ALSO HAVE RIGHT TO APPOINT A SECOND DIRECTOR SHOULD ITS EQUITY POSITION INCREASE TO 19.9 PERCENT IN CO