July 18 (Reuters) - MOD Resources Ltd (MOD) :
- BINDING AGREEMENTS WITH MTR TO ACQUIRE MTR'S 30% STAKE IN T3 PROJECT
- TOTAL CONSIDERATION FOR TRANSACTION EQUATES TO ABOUT A$26.6 MILLION
- DEAL 14 PERCENT ACCRETIVE FOR MOD SHAREHOLDERS IN TERMS OF PER SHARE OWNERSHIP OF T3 PROJECT
- AT COMPLETION OF DEAL, MOD WILL OWN 100 PERCENT OF T3 PROJECT