December 1, 2016 / 9:22 PM / in a year

BRIEF-Blackpearl announces the sale of a royalty interest on its Onion Lake property for $55 million

Dec 1 (Reuters) - Blackpearl Resources Inc

* Blackpearl announces the sale of a royalty interest on its Onion Lake property for $55 million

* Blackpearl Resources Inc says Blackpearl sold an approximate 1.75% royalty on production from substantially all of its Onion Lake lands

* Blackpearl Resources Inc says proceeds of sale will initially be used to re-pay bank indebtedness Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below