Brief: Capstone Mining reaches agreement to sell Kutcho Project

Kutcho Copper

15/06/2017 21:43

June 15 (Reuters) - Capstone Mining Corp  CS.TO : 
    * Capstone Mining reaches agreement to sell Kutcho Project 
    * Capstone Mining Corp - intends to use net proceeds from 
sale primarily to reduce outstanding borrowings under its 
revolving credit facility 
    * Says will receive C$28.8 million in cash, common shares of 
desert star representing 9.9 pct of issued and outstanding 
shares 
    * Says will have right to nominate one representative to 
desert star board of directors under certain circumstances 
 
Source text for Eikon:  ID:nPn3TDb5da  
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