Feb 5 (Reuters) - Black Mountain Resources Ltd BMZ.AX :
* Agreement to acquire producing mine and phosphate project BMZ.AX
* Says agreement with African phosphate to acquire producing mine and major phosphate project
* 400 million shares at completion of the transaction (consideration shares) payable to the vendors financiers and advisors
* Says company to raise up to a further A$2.5 million for investment in the mining operation and exploration ground
* Says co is proposing to increase mine production through additional new capital investment in mining fleet,in mine planning
* Source text for Eikon ID:nASX8Rz017