09:44 AM EST - Breakwater Resources Ltd. : announced that it has entered into an agreement to sell its interest in the Coulon JV Property to Virginia Mines Inc. In the Coulon JV Property, the company owns 50% through a joint venture agreement with Virginia. The company said that Virginia will purchase the interest by issuing 1,666,666 common shares. Virginia has also undertaken to secure, at closing, the simultaneous resale of all of the shares of Virginia issued in respect of the transaction to Breakwater at a price of $2.85 per share in favour of third-party buyers, the company said. Breakwater Resources Ltd.
shares T.BWR are trading unchanged at $0.08.
