May 18 (Reuters) - Aspermont Ltd ASP.AX -
* Aspermont announces the sale of beacon events
* Confirm settlement from sale of its 60% stake in beacon events to gainwealth for an initial $4.3 million
* Aspermont has served statutory demands on beacon events to recover an additional circa $1.4m in outstanding debts
* Total consideration for beacon events disposal is therefore likely to exceed circa $11 million
* Co also continues to hold a $5m beacon loan note with beacon, which together with 60% equity, was consideration for original transaction
* Loan is fully recoverable in july 2020, inclusive of unpaid and accrued loan interest Source text for Eikon: ID:nASXc6Q5tv Further company coverage: ASP.AX