May 30, 2017 / 12:47 PM / 6 months ago

BRIEF-Philippine Metals to sell unit Compania Minera Coronado S.A. De C.V.

May 30 (Reuters) - Philippine Metals Inc

* Philippine Metals announces corporate update

* Philippine Metals Inc - continues to work towards a resolution of outstanding legal and other issues facing its various properties in Philippines

* Philippine Metals Inc - announces planned sale of all of issued and outstanding shares of its subsidiary, Compania Minera Coronado S.A. De C.V.

* Philippine Metals - has entered into an agreement to settle $152,500 of outstanding debt obligations owed to certain members of management, board

* Philippine Metals Inc - will be proceeding with a non-brokered private placement of up to 2,000,000 units at a price of $0.05 per unit Source text for Eikon: Further company coverage:

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