June 27 (Reuters) - Nyrstar NV NYR.BR :
* Sale of the El Toqui mine for a total cash consideration of USD 25 million and price participation
* Entered into a share purchase agreement to sell its El Toqui mine in Chile to Laguna Gold Limited
* Consideration payable to Nyrstar consists of USD 12 million payable in cash by closing of transaction and USD 13 million in milestone cash payments over a four year period following closing of transaction
* Transaction is part of formal sale process for all or majority of Nyrstar's mining assets which was formally launched in January 2016
* Nyrstar and Laguna have also agreed to enter into an off-take agreement in which Laguna will sell to Nyrstar 100 pct of zinc concentrate production from El Toqui for four years
* Laguna will sell to Nyrstar 85 pct of zinc concentrate production thereafter Source text for Eikon: ID:nHUG6Zhjcy Further company coverage: NYR.BR
(Gdynia Newsroom)