July 22 (Reuters) - Modun Resources Ltd MOU.AX :
* Sale of mongolian coal asset MOU.AX
* Deal for consideration $2.2 million
* Says entered into a highly conditional sale agreement to dispose of its nuurst thermal coal project
* Says now terminated agreement on its terms as a result of being unable to agree the terms of the formal sale agreement with the mongolian purchaser
* Says parties had originally entered into the agreement in November 2014
* Says parties have been unable to agree formal terms and the company has elected to terminate the transaction
* Executed conditional share sale agreement with two mongolian nationals for the sale of all the shares in modun's 100% owned subsidiary Modun Resources llc
* Source text for Eikon ID:nASX6m0R5H
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