Feb 8 (Reuters) - New Energy Minerals Ltd (NXE) :
- AGREEMENT TO SELL REMAINING 50% OF BALAMA RESOURCES PTY LTD
- DEAL FOR AUS$7 MILLION
- ON COMPLETION, AUSPICIOUS VIRTUE INVESTMENT WILL BE SOLE SHAREHOLDER OF BALAMA
- SIGNS DEAL TO SELL REMAINING 50% OF BALAMA RESOURCES TO AUSPICIOUS VIRTUE INVESTMENT HOLDING
- AS PART OF DEAL CO TO CONDUCT CAPITAL REDUCTION FOR SHAREHOLDERS, OF NOT LESS THAN 60% OF PURCHASE PRICE LESS COSTS INCURRED
