Aug 13 (Reuters) - VDM Group Ltd VMG.AX :
* EXECUTES AGREEMENT TO ACQUIRE 55% OF CAGE BENGO PROJECT
* ENTERED MINING INVESTMENT CONTRACT FOR EXCLUSIVE RIGHTS TO EXPLORE FOR GOLD/MINERALS AT CAGE BENGO PROJECT IN ANGOLA
* IN RETURN FOR ACQUIRING 55.25% STAKE IN PROJECT, VDM WILL ISSUE TO SEABANK 650 MILLION VDM SHARES.