BRIEF-Stroud Resources announces agreement to sell Hislop project

Thu Jun 2, 2016 5:54pm EDT
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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: (Bengaluru Newsroom: +1-646-223-8780)