July 15 (Reuters) - Titanium Sands Ltd TSL.AX :
* ENTERED INTO A CONDITIONAL SALE AGREEMENT TO ACQUIRE TENURE ADJACENT TO ITS MANNAR ISLAND PROJECT
* CONSIDERATION TO BRIGHT ANGEL VIA ISSUE OF 417.5 MILLION FULLY PAID ORDINARY SHARES OF CO, ISSUE OF 208.8 MILLION UNLISTED OPTIONS OF CO
* CO TO ALSO ASSUME 5% NET PROCEEDS ROYALTY PAYABLE TO VENDOR ON MINERALS SOLD FROM ACQUISITION TENURE