Nov 10 (Reuters) - Cervus Equipment Corp CVL.TO :
* Cervus reaches agreement for sale and lease-back of real estate portfolio
* Cervus Equipment -entered into definitive agreement with single purchaser for long-term sale and leaseback of about $55.7 million of real estate currently owned by co
* Anticipates sale and leaseback transaction will result in a gain on sale between $3 million to $4 million
* After retiring mortgages associated with properties expects net free cash flow of approximately $27 million Source text for Eikon: ID:nCNWCGqbSa Further company coverage: CVL.TO