09:56 AM EST - International Minerals Corporation : provided an update with respect to the sale of its Rio Blanco and Gaby properties in Ecuador. Following the appointment of North American financial advisors in July 2012 and the implementation of an aggressive marketing program, several companies, both international and local, submitted purchase proposals for Rio Blanco and Gaby. The Company advises that it has selected a potential buyer for the Rio Blanco property. Finalization of the sales agreement, however, remains pending because prior approval by the Ecuadorian government of the proposed transaction is required. IMZ expects to provide further information with respect to the proposed sale of Rio Blanco within the next few weeks, following meetings with the Ecuadorian government. International Minerals Corporation
shares T.IMZ are trading down $0.09 at $5.20.
