Sept 17 (Reuters) - Typhoon Exploration Inc TYP.V :
* TYPHOON ANNOUNCES THE SIGNATURE OF A LETTER OF INTENT TO ACQUIRE 100 PCT OF THE FAYOLLE PROJECT
* TYPHOON EXPLORATION-HECLA AGREED, ON NON-BINDING BASIS TO SELL, & TYPHOON AGREED, ON NON-BINDING BASIS, TO BUY HECLA'S 50 PCT INTEREST IN FAYOLLE PROPERTY
* TYPHOON EXPLORATION - HECLA MINING HOLDS 8.7 MILLION SHARES OF CO, REPRESENTING ABOUT 22.32 PERCENT OF ISSUED AND OUTSTANDING COMMON SHARES
* TYPHOON EXPLORATION - AGREED, ON NON-BINDING BASIS, TO BUY HECLA'S 50 PCT INTEREST IN FAYOLLE PROPERTY, IN CONSIDERATION OF C$3 MILLION CASH