July 31 (Reuters) - RNI NL RNI.AX :
* RNI to sell gold assets to Metals X
* Says in consideration, Metals X will issue RNI with 18 million new fully-paid
Metals X shares, which have a current share market value of $20.3 million
* Metals X will also advance RNI $300,000 as interest-free convertible loan1 to
provide the company with working capital during the sale process
* Plans to use sale proceeds to help repay company's debt facility of
approximately $23 million to Taurus Resources no 2 fund
* Sale will help eliminate rni's debt and enable the company to refocus on its
highly- prospective about 1,300km2 Bryah Basin Exploration Portfolio
* Source text for Eikon ID:nASX2kKW6p