March 30 (Reuters) - Orocobre Ltd ORE.AX :
* Sale of Salinas Grandes exploration assets
* As consideration for sale of Salinas Grandes tenements, LSC will pay to orocobre US$7 million, with US$4 million payable at closing
* As consideration for sale LSC will transfer to Orocobre three properties located at Olaroz
* Consideration also includes a further US$3 million payable by way of 3 annual tranches of US$1 million Source text for Eikon: Further company coverage: ORE.AX