Dec 19 (Reuters) - Gbm Resources Ltd GBZ.AX :
* ENTERS INTO NON BINDING ORE PURCHASE TERM SHEET WITH MINJAR'S PAJINGO GOLD MINE
* CO TO SELL ITS MT COOLON HIGH GRADE GLEN EVA AND KOALA RESOURCES OVER A 2.5 YEAR PERIOD.
* NET PROCEEDS FROM GOLD SALES WILL BE ALLOCATED 50:50 TO PARTIES