Jan 15 (Reuters) - Resolute Mining Ltd RSG.AX :
* SELLS RAVENSWOOD GOLD MINE FOR TOTAL PROCEEDS OF UP TO A$300 MILLION
* CONSORTIUM COMPRISING EMR CAPITAL AND GOLDEN ENERGY AND RESOURCES COMMITS TO PROGRESS RAVENSWOOD EXPANSION PROJECT
* EMR CAPITAL AND GEAR COMMITTED TO PROGRESSING RAVENSWOOD EXPANSION PROJECT
* NO IMMEDIATE CHANGES TO RAVENSWOOD GOLD MINE EMPLOYMENT OR CONTRACT RELATIONSHIPS; CURRENT MINE AND DEVELOPMENT PLANS TO CONTINUE
* WILL RECORD A GAIN ON SALE OF RAVENSWOOD IN CO'S ACCOUNTS FOR 12 MONTHS TO 31 DEC 2020
* CASH RECEIVED FROM TRANSACTION WILL BE USED TO REDUCE DEBT
* INTENDS TO REVISE ITS CURRENT YEAR PRODUCTION AND COST GUIDANCE BASED ON RAVENSWOOD GOLD PRODUCTION ATTRIBUTABLE TO RESOLUTE FOR FY20 AS AT FINANCIAL CLOSE
* SELLS RAVENSWOOD GOLD MINE FOR TOTAL PROCEEDS OF UP TO A$300 MILLION