June 15, 2017 / 8:51 PM / a month ago

BRIEF-Capstone Mining reaches agreement to sell Kutcho Project

1 Min Read

June 15 (Reuters) - Capstone Mining Corp:

* 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: Further company coverage:

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