October 26, 2016 / 4:04 AM / in a year

BUZZ-Australia's Resolute Mining rises; to buy stake in Kilo Goldmines

** Resolute Mining Ltd rises as much as 5 pct to A$1.78

** Company enters share swap agreement with Osisko Mining to acquire Osisko’s 12.9 pct stake in Kilo Goldmines Ltd

** Resolute will purchase Osisko’s 21.9 mln shares of Kilo for about C$0.11 per Kilo share by issuing 1.5 mln ordinary Resolute shares

** Stock up 578 pct this year as of Tuesday’s close

Reuters messaging:; justin.varghese.thomsonreuters.com@reuters.net

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