July 2 (Reuters) - Legend Mining Ltd LEG.AX :
* Fraser range project acquisition
* Says Legend to acquire 70% interest in tenements (e28/2188-2192, e28/1718 and e28/1727) for $2.5M cash payment
* Entered into tenement sale and exploration JV agreement with the Creasy Group in Fraser Range district of Western Australia
* Legend to sole fund exploration and free carry creasy group's 30% interest through to the signing of mining venture agreements
* Says Legend to acquire 70% interest in tenements also for 71.5m Legend shares at $0.007, 150m five year Legend options exercisable at $0.04
* Source text for Eikon ID:nASXTnyNC