Aug 14 (Reuters) - Equatorial Resources Ltd EQX.AX :
* Sale of mayoko-moussondji iron project
* Equatorial to receive $5 million and retain a 2% life-of-mine royalty
* Entered into conditional agreement with midus global limited
* Mining licence application for badondo will be submitted in current quarter
with intention of securing long term tenure
* Source text (http://bit.ly/1Jg1I9W)