June 3 (Reuters) - Capstone Mining Corp CS.TO :
* PRESS RELEASE - CAPSTONE MINING SELLS MINTO MINE FOR UP TO US$20 MILLION
* PROCEEDS FROM SALE OF MINTO WILL BE USED TO REDUCE OUTSTANDING DEBT UNDER CAPSTONE'S REVOLVING CREDIT FACILITY
* ENTERED INTO A DEFINITIVE SHARE PURCHASE AGREEMENT TO SELL ITS 100% INTEREST IN MINTO MINE TO PEMBRIDGE RESOURCES PLC
* CAPSTONE WILL DERECOGNIZE AN APPROXIMATE US$24 MILLION ASSET RETIREMENT OBLIGATION IN ITS FINANCIAL STATEMENTS THIS QUARTER
* CAPSTONE MINING- WILL RECOGNIZE ACCOUNTING CHARGE OF ABOUT $20 MILLION T $30 MILLION DUE PRIMARILY TO REVERSAL OF NON-CASH, CUMULATIVE TRANSLATION ADJUSTMENTS