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-Gulfside Minerals Ltd sells five percent interest in ECM LLC.

International Resource News-October 12, 2011--Gulfside Minerals Ltd sells five percent interest in ECM LLC(C)1994-2011 ENPublishing - http://www.enpublishing.co.uk

International Resource News - 12 October 2011

Gulfside Minerals Ltd, has received the final payment of USD1,500,000 on the sale of its 5 percent interest in ECM LLC, the Mongolia company that holds the exploration license to the Erdenetsogt brown coal project, according to Robert L Card, president of Gulfside.

The firm negotiated the sale of its interest by an agreement dated October 28, 2010, and received a down payment of UDD500,000 at that time.

[Editorial queries for this story should be sent to irn@enpublishing.co.uk]

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Publication:International Resource News (IRN)
Date:Oct 12, 2011
Words:131
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