Dec 16 (Reuters) - Black Diamond Group Ltd BDI.TO -
* As result of contract, other ongoing business activity, co anticipates will continue to be fully compliant with bank covenants
* Black diamond group announces $17.5 million contract for the sale of camp assets
* Approximately 85% of total cash proceeds from this contract will be collected in december 2016
* Current contract includes certain proceeds for early termination of august 5, 2015 contract to be recognized in Q4 2016 Source text for Eikon: ID:nMKWkk82Ma Further company coverage: BDI.TO