Feb 28 (Reuters) - Alaris Royalty Corp AD.TO :
* ALARIS ROYALTY CORP. ANNOUNCES SANDBOX SALE
* AS A RESULT OF SANDBOX SALE, ALARIS RECEIVED TOTAL CONSIDERATION OF APPROXIMATELY $32.6 MILLION
* AGGREGATE PAYMENTS TO ALARIS ON CLOSING, LESS ESCROWED CASH AND EARNOUT PROCEEDS, EQUALS TOTAL CASH OF $28.5 MILLION