Aug 22 (Reuters) - BMG Resources Ltd BMG.AX :
* BMG TO ACQUIRE INTEREST IN CHILEAN LITHIUM BRINE PROJECTS
* ENTERS DEAL WITH OWNERS OF LITHIUM CHILE SPA TO FORM JOINT VENTURE
* BMG WILL PROVIDE UP TO US$2.5M IN FUNDING TO JV CO AND ISSUE AN ADDITIONAL US$300,000 IN SHARES TO LCS