Aug 6 (Reuters) - Continental Resources Inc CLR.N :
* CONTINENTAL RESOURCES ANNOUNCES $220MM MINERALS DIVESTITURE AND FORMATION OF STRATEGIC RELATIONSHIP WITH FRANCO-NEVADA
* CONTINENTAL - CO, FRANCO-NEVADA TO SPEND UP TO A COMBINED $125 MILLION PER YEAR OVER NEXT 3 YRS TO BUY ADDITIONAL MINERALS THROUGH NEWLY-FORMED UNIT
* CONTINENTAL RESOURCES - FRANCO-NEVADA HAS AGREED TO PAY ABOUT $220 MILLION FOR A STAKE IN A NEWLY-FORMED MINERALS SUBSIDIARY
* CONTINENTAL RESOURCES - WILL BE ENTITLED TO BETWEEN 25% AND 50% OF TOTAL REVENUES GENERATED BY MINERALS SUBSIDIARY
* CONTINENTAL RESOURCES INC - WITH CARRY COMPONENT ON CAPITAL ACQUISITION COSTS, CO TO FUND 20% OF FUTURE MINERAL ACQUISITIONS