Nov 15 (Reuters) - Pacific Bauxite Ltd PBX.AX :
* TO CONDITIONALLY ACQUIRE 50% OF EBAGOOLA SOUTH GOLD PROJECT IN QUEENSLAND
* 50-50 JOINT VENTURE TO BE ESTABLISHED OVER EBAGOOLA SOUTH GOLD PROJECT WITH AURUM PACIFIC GROUP
* SHAREHOLDER APPROVAL TO BE SOUGHT TO ENABLE CO TO ISSUE SHARES TO RAISE MINIMUM $1.5 MILLION AT INDICATIVE PRICE OF $0.05 PER SHARE
* GRANTED 6 MONTH OPTION TO ACQUIRE A 50% INTEREST IN EBAGOOLA SOUTH GOLD PROJECT FROM AUSTRALIAN METALS CORPORATION