09:47 AM EST - Hillsborough Resources Ltd. : announced that its subsidiary, Quinsam Coal Corp. has entered into a Royalty Agreement with Red Mile Resources No. 12 Ltd. Partnership, among others. Under the terms of the Agreement, Quinsam has sold a royalty on a portion of the coal production at its Quinsam Mine; this Agreement is expected to last approximately 10 years. Quinsam received cash of $40.1 million, which included the purchase price for the royalty of $35.0 million and fees and interest of $5.1 million. Hillsborough Resources Ltd.
shares T.HLB are trading up 1 cent at $0.21.
