June 3 (Reuters) - First Au Ltd FAU.AX :
* FIRST AU LTD - TO ACQUIRE VICTORIAN GOLD EXPLORATION PROJECT
* FIRST AU - TO ACQUIRE 80% OF ISSUED SHARE CAPITAL OF VICTORIAN GOLDFIELDS
* FIRST AU LTD- CONSIDERATION FOR ACQUISITION WILL BE AN INITIAL ALLOTMENT OF 10 MILLION ORDINARY SHARES OF FAU AND UP TO A FURTHER 70 MILLION SHARES OF FAU