Nostra Terra is one step closer to selling-off its interest in the Chisholm Trail Prospect.
The firm is selling its 20% stake for $2.1million.
A company spokesperson said: “The buyer’s funds for the full purchase price have been verified, a non-refundable deposit is scheduled to be deposited at the beginning of next week, and the buyer is carrying out title due diligence in the ordinary course with the transaction expected to close no later than 17 August 2016 as previously announced.”
The firm said the sell “presents a material opportunity” to strengthen its business elsewhere.