June 8 (Reuters) - Westgold Resources Ltd WGX.AX -
* Westgold to acquire australian contract mining
* signed an agreement to acquire Australian Contract Mining Pty Ltd
* Westgold will acquire all of shares in acm for a net consideration of $2.5 million in cash plus 14 million fully paid ordinary westgold shares
* Acm founder Brian Rodan will continue to be ceo of wholly owned subsidiary and will join executive management of westgold Source text for Eikon: ID:nASXbDrwQ7 Further company coverage: WGX.AX