07:48 AM EDT, 10/16/2018 (MT Newswires) -- Alio Gold (ALO) said early Tuesday it has entered into a definitive agreement to sell non-core assets in Nevada to a wholly-owned subsidiary of Coeure Mining (CDE) for a total consideration of $19 million in stock.

The assets include those comprising the Lincoln Hill project, Wilco project, and Gold Ridge property and other nearby claims.

Additionally, the company said it has reduced its outstanding debt with Macquarie Bank from $15 million to $5 million, and it has also settled a $5 million contingent liability related to the acquisition of Rye Patch Gold Corp. and the Florida Canyon Mine.

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