10:11 AM EST - Sprott Resource Lending Corp. : reported that it has completed the sale of its 75% interest in Castle Mountain Venture, the owner of the Castle Mountain property, a former operating gold mine in the State of California. The sale of the Corporation's interest in Castle Mountain Venture was completed by selling Viceroy Gold Corporation, the Corporation's wholly-owned subsidiary. A portion of the purchase price was satisfied on closing by the issuance of four million common shares of Telegraph Gold Inc., a private Canadian gold exploration company with mineral assets in the State of California. The balance of the purchase price is due in two installments of $3 million and $5 million on the earlier of the achievement of certain milestones but no later than three and six years from closing, respectively. Sprott Resource Lending Corp.
shares T.SIL are trading unchanged at $1.40.
