09:42 AM EST - Consolidated Puma Minerals Corp. : has agreed to sell its indirect 72-per-cent interest in its Russian subsidiary, Kolskaya Mining and Geological Co. to a Russian company, Arkticheskiye Geologorazvedochnye Raboty or AGR. The sale consists of $2,000 U.S. in cash, 50 per cent of the proceeds from a sale by AGR of any interest in the share capital of Kola at a price of at least $5,000 U.S. per one per cent of the share capital of Kola, provided such sale occurs within the first two years following the closing of the agreement, and a five-per-cent net smelter return royalty in favour of Sablecare payable quarterly throughout the term of the License, in the event that the property is put into commercial production. Consolidated Puma Minerals Corp.
shares V.CPW are trading even at $0.06.
