Dec 20 (Reuters) - Golden State Mining Ltd GSM.AX :
* ENTERED BINDING ASSET SALE AGREEMENT UNDER WHICH IT WILL SELL ITS 100% INTEREST IN CO'S MURCHISON PROJECT TO GOLDEN STATE MINING
* AS CONSIDERATION LEX WILL RECEIVE $25,000 CASH CONSIDERATION, 1.7 MILLION ORDINARY FULLY PAID GSM SHARES, AND 800,000 OPTIONS IN GSM