March 12 (Reuters) - Summit Royalties Ltd ( SUMMF ):

* SUMMIT ROYALTIES ANNOUNCES AGREEMENT TO ACQUIRE ROYALTY

ON NEWMONT'S SADDLE NORTH DEPOSIT

* SUMMIT ROYALTIES LTD ( SUMMF ) - TO BUY 1.0% NSR ROYALTY ON SADDLE

NORTH FROM NEWMONT FOR C$5 MILLION IN SHARES

* SUMMIT ROYALTIES LTD ( SUMMF ) - CONSIDERATION IS 2.8 MILLION SUMMIT

SHARES AT $1.765 PER SHARE

* SUMMIT ROYALTIES LTD ( SUMMF ) - NEWMONT MAY REPURCHASE 50% OF NSR

ROYALTY FOR C$750,000 WITHIN FIVE YEARS OF COMMERCIAL PRODUCTION

Source text:

Further company coverage: