July 2 (Reuters) - Chalice Gold Mines Ltd CHN.AX :
* PRESS RELEASE - CHALICE SELLS ITS QUEBEC GOLD PROJECTS FOR C$12 MILLION IN SHARES AND RETAINS A ROYALTY
* CHALICE GOLD MINES - WILL RECEIVE 3.1 MILLION COMMON SHARES OF O3 MINING, AT A DEEMED VALUE OF C$3.88/COMMON SHARE, FOR TOTAL OF C$12 MILLION IN CONSIDERATION
* CHALICE GOLD MINES - CHALICE WILL RETAIN A 1.0% NSR ROYALTY ON ALL 100% OWNED CLAIMS ON BOTH PROJECTS THAT ARE NOT SUBJECT TO A PRE-EXISTING ROYALTY
* CHALICE GOLD MINES LTD - CHALICE WILL SELL ALL OUTSTANDING SHARES IN ITS WHOLLY OWNED SUBSIDIARY CGMQ, TO O3 MINING