Dec 15 (Reuters) - Esperance Minerals Ltd ESM.AX :
* Acquisition of Chinese agri-food business ESM.AX
* Says acquisition price of AUD40 million
* Entered into a non-binding heads of agreement for proposed acquisition of 40% of the issued capital of goyes agri-food investment
* Price payable in Esperance shares is based on strong historical earnings - cy 2014 of EBIT of approximately AUD21 million
* Acquisitions are intended to be funded by a combination of share-based consideration to the vendors, equity and debt
* Says Esperance may consider further fundraising so as to repay the series c convertible notes
* Says total amount expected to be funded is approximately $1.2 million
* Source text for Eikon ID:nASX8SfwW8