Brief: Stroud Resources announces agreement to sell Hislop project

Stroud Resources

02/06/2016 22:30

June 2 (Reuters) - Stroud Resources  
    * Stroud resources announces agreement to sell hislop 
project 
    * Stroud resources ltd says intends to redeploy net proceeds 
from disposition to pay certain debts and advance its santo 
domingo project 
    * Agreement to sell 100 percent interest in hislop project 
to hislop gold co for $225,000 in cash and $1.3 million in 
assumption of debts owed by stroud 
    * Upon completion of transaction, stroud will also retain a 
net smelter royalty of 0.5% which can be purchased by hgcl at 
for $1 million 
 
Source text for Eikon:  ID:nCNWbF8jJa  
 
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