Dec 24 (Reuters) - Westgold Resources Ltd (WGX) :
- SIGNED A BINDING TERM SHEET WITH DORAY MINERALS LIMITED TO BUY ITS ANDY WELL AND GNAWEEDA GOLD PROJECTS
- WESTGOLD WILL PAY DORAY $2.5 MILLION IN CASH AND $6.5 MILLION IN SHARES
- TERM SHEET PROVIDES FOR SALE OF DORAY'S 100% OWNED SUBSIDIARY, ANDY WELL MINING PTY LTD, TO WESTGOLD
