May 11 (Reuters) - Royal Nickel Corp RNX.TO :
* RNC ELIMINATES NSR ROYALTIES AT HIGGINSVILLE GOLD OPERATIONS, FURTHER UNLOCKING SIGNIFICANT PRODUCTION POTENTIAL AND LOWERING OPERATING COSTS
* RNC MINERALS - REACHED AGREEMENT WITH MORGAN STANLEY TO TERMINATE REMAINING NSR ROYALTY INTERESTS AT HIGGINSVILLE GOLD OPERATIONS FOR US$9 MILLION IN CASH
* RNC MINERALS - TRANSACTION WILL ELIMINATE CURRENT 1.75% LEGACY NSR ROYALTY HELD BY MORGAN STANLEY ON FIRST 10,000 OUNCES OF GOLD SOLD PER ANNUM
* RNC MINERALS - TRANSACTION WILL ELIMINATE 2% NSR ROYALTY ON OUNCES SOLD IN EXCESS OF 10,000 PER ANNUM