Corona completes Prime Capital deal

Announcing completion of an approximate one-third voting and equity position in Prime Capital Corp. of Vancouver was International Corona Resources of Toronto.

The purchase price consisted of five million common shares of Royex Gold Mining and 133,333 subordinate voting and 66,667 common shares of Galveston Resources, valued in total at about $31 million. The sale reduces Corona’s interest in Royex from about 41.8% to about 34.2%, or 23% on a fully diluted basis.