Intermin sells Menzies and Goongarrie

ASX-listed Intermin Resources has struck an A$8-million deal with fellow-listed Kingwest Resources to divest of its Menzies and Goongarrie gold projects, in Western Australia.

Under the terms of the agreement, Kingwest would pay A$3.375-million in cash and A$4.625-million in shares, resulting in Intermin holding a 19.99% interest in Kingwest.