BRIEF-Salazar announces terms for financing and royalty sale with proceeds to advance Curipamba project

Wed Apr 6, 2016 7:36am EDT
 
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April 6 (Reuters) - Salazar Resources Ltd

* Salazar announces terms for financing and royalty sale with proceeds to advance Curipamba project

* Says to sell units to arm's length financiers to raise $1.1 million

* Salazar Resources Ltd says announce a recapitalization plan for company that will include a private placement, royalty sale and debt conversion

* Says will sell a 2 pct net smelter returns royalty ("nsr") interest in its Curipamba project for $4.8 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)