May 25 (Reuters) - Balmoral Resources Ltd BAR.TO
* Balmoral enters into agreement to receive minimum $3.6
million through sale of non-core asset
* To sell its interest in Discovery Zone property to
Wallbridge Mining Company limited
* Will receive immediate payment of 2.4 shares of
wallbridge, cash payments totaling either $3.4 or $3.5 million
over next 60 -120 days
* To receive immediate payment of 2.4 million common shares
of wallbridge, cash payments totaling either $3.4 or $3.5
million dollars
* Balmoral will retain a 1% net smelter return royalty on
all future production from Discovery Zone
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