Hillsborough sells Bingay Creek property

Centermount coal

Hillsborough Resources Ltd. confirms the sale of its Bingay Creek metallurgical coal property, located near Elkford, B.C., to Centermount Coal Ltd., a wholly owned subsidiary of Centerpoint Resources Inc., both of Vancouver, B.C. Sale proceeds amounting to $5.9-million have been received in cash. This represents a $5-million gain over the carrying cost of the property. […]

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