July 20 (Reuters) - Orecorp Ltd ORR.AX :
* EXERCISED OPTION TO ACQUIRE ADDITIONAL 26% INTEREST IN NYANZAGA GOLD PROJECT FOR PAYMENT OF US$3 MILLION TO ACACIA MINING PLC
* ACACIA WILL ALSO RETAIN A NET SMELTER RETURN ROYALTY, CAPPED AT US$15 MILLION
* SIGNED AGREEMENT WITH ACACIA AND NMCL TO ALLOW CO TO MOVE TO 100 PERCENT OWNERSHIP OF NYANZAGA BY A FURTHER PAYMENT OF US$7 MILLION