Dec 1 (Reuters) - Blackpearl Resources Inc PXX.TO
* Blackpearl announces the sale of a royalty interest on its Onion Lake property for $55 million
* Blackpearl Resources Inc says Blackpearl sold an approximate 1.75% royalty on production from substantially all of its Onion Lake lands
* Blackpearl Resources Inc says proceeds of sale will initially be used to re-pay bank indebtedness Source text for Eikon: Further company coverage: PXX.TO