Sprott Resource Lending Corp. (SILU) Continues Monetizing Real Estate Portfolio, Completes Castle Mountain Sale
Sprott Resource Lending, the Toronto-headquartered specialist lender to companies in the natural resource development space, reported finalizing the sale of the company's 75% interest in Castle Mountain Venture (CMV) today via the sale of CMV's wholly-owned subsidiary, Viceroy Gold Corp. Castle Mountain Venture controls the formerly operating Castle Mountain gold mine in California. Part of the purchase price was secured at closing of the deal as the private Canadian gold explorer, Telegraph Gold Inc., which has considerable mineral assets in CA, issued 4M shares of common stock (9.4% of current issued/outstanding). With the balance of the purchase price slated to…