Brief: Sulliden enters agreement with Pitchblack to sell option to buy Troilus Gold Project

Future Mineral Resources

21/06/2017 22:55

June 21 (Reuters) - Sulliden Minerals Sa  SMC.TO  
    * Sulliden enters into agreement with Pitchblack to sell its 
option to buy the Troilus Gold Project 
    * Sulliden Minerals Sa - co to sell outstanding equity 
securities of Sulliden Sub to Pitchblack for issuance of 100 
million shares of Pitchblack to co 
    * Sulliden Minerals Sa -  also entered agreement with 251 
ontario ltd to extinguish 251's option in troilus project 
    * Deemed sale price for sulliden sub shares is $41 million 
    * Sulliden Minerals Sa -  agreement with 251 ontario ltd in 
exchange for 251 receiving their pro rata portion of 
consideration 
    * Sulliden currently owns 9.9% of issued and outstanding 
shares of pitchblack 
 
Source text for Eikon:  ID:nCCNsvcwla  
Further company coverage:  SMC.TO  
 
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