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Eurasian Minerals Sells Slovakia, Peru Geothermal Energy Assets

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Aug. 7 (Bloomberg) -- Eurasian Minerals Inc., a Canadian mineral-exploration company, sold its geothermal projects in Slovakia and Peru to Starlight Geothermal Ltd. in return for a 5 percent equity stake in the company.

Eurasian Minerals also received an undisclosed cash payment and will get royalties from the projects’ future energy production, the Vancouver-based company said today in a statement.

Eurasian Minerals had five licenses in Slovakia totaling 320 square kilometers (123.6 square miles) and four in Peru totaling 328 square kilometers, according to the statement.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net