BRIEF-Avanco Resources says co to acquire gold project

Thu Oct 6, 2016 6:21pm EDT
 
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Oct 7 (Reuters) - Avanco Resources Ltd

* Avanco to acquire advanced gold project

* Agreement provides avanco with right to earn 20% of Jaguar's 100% interest in Gurupi gold project

* Will pay jaguar aggregate cash fee of us$1.7 million plus additional fee of us$500,000 in cash or shares in Avanco

* Entered into an agreement with TSX-listed Jaguar Mining Inc. (Jaguar) to earn up to 100% of the Gurupi gold project located in Brazil Source text for Eikon: Further company coverage: