Oct 19 (Reuters) - GBM Resources Ltd GBZ.AX :
* ACQUISITION OF YANDAN GOLD PROJECT AND CONDITIONAL PLACEMENT-GBZ.AX
* SIGNED A BINDING HEADS OF AGREEMENT TO ACQUIRE 100% OF YANDAN GOLD PROJECT
* GBM WILL ISSUE AIS FULLY PAID ORDINARY SHARES TO VALUE OF A$3.0 MILLION AS CONSIDERATION
* AIS WILL ALSO SUBSCRIBE FOR FULLY PAID ORDINARY SHARES IN GBM TO VALUE OF A$1.0M