March 6 (Reuters) - Orefinders Resources Inc ORX.V
* Orefinders agrees to sell red lake property for $1.3 million
* Orefinders resources inc- $1.3 million in total consideration to orefinders is comprised of $500,000 in cash and $800,000 worth of pure gold shares
* Orefinders resources inc - we view transaction as nondilutive to our shareholders Source text for Eikon: ID:nCNWSjFlNa Further company coverage: ORX.V