May 14 (Reuters) - NxGold Ltd NXN.V :
* NXGOLD ANNOUNCES CONSOLIDATION, PRIVATE PLACEMENT AND OPTION AGREEMENT
* NXGOLD LTD- BOARD APPROVED CONSOLIDATION OF CO'S COMMON SHARE CAPITAL ON ONE-FOR-TEN BASIS
* NXGOLD LTD- NXGOLD CURRENTLY HAS 81.6 MILLION COMMON SHARES OUTSTANDING
* NXGOLD LTD - FOLLOWING COMPLETION OF CONSOLIDATION, IT IS EXPECTED TO HAVE ABOUT 8.2 MILLION COMMON SHARES OUTSTANDING
* NXGOLD LTD - INTENDS TO OFFER UP TO 5 MILLION POST-CONSOLIDATION UNITS BY NON-BROKERED PRIVATE PLACEMENT AT POST-CONSOLIDATION PRICE OF $0.20 PER UNIT
* NXGOLD LTD - ENTERED AN OPTION AGREEMENT WITH MEGA URANIUM LTD TO ACQUIRE 100% INTEREST IN BEN LOMOND AND GEORGETOWN URANIUM PROJECTS IN AUSTRALIA