Dec 15 (Reuters) - Austral Gold Ltd AGD.AX :
* UNIT TO PURCHASE 6 MILLION UNITS OF ENSIGN GOLD INC FOR C$0.25 PER UNIT, FOR AGGREGATE PURCHASE PRICE OF C$1.5 MILLION
* 80% OF PROCEEDS FROM AUSTRAL SUBSCRIPTION TO BE USED FOR EXPLORATION PURPOSES
Dec 15 (Reuters) - Austral Gold Ltd AGD.AX :
* UNIT TO PURCHASE 6 MILLION UNITS OF ENSIGN GOLD INC FOR C$0.25 PER UNIT, FOR AGGREGATE PURCHASE PRICE OF C$1.5 MILLION
* 80% OF PROCEEDS FROM AUSTRAL SUBSCRIPTION TO BE USED FOR EXPLORATION PURPOSES