May 4 (Reuters) - Terracom Ltd TER.AX :
* SIGNS BINDING TERM SHEET FOR SALE OF BNU MINE IN MONGOLIA
* ANNOUNCES EXECUTION OF A BINDING TERM SHEET FOR OUTRIGHT SALE OF BARUUN NOYON UUL COAL MINE IN MONGOLIA
* TOTAL CONSIDERATION FOR SALE IS US$2 PLUS BRIDGE RESOURCES ACCEPTS A NET US$15M OF EXISTING LIABILITIES WITHIN BNU BUSINESS STRUCTURE