Sutter sells gold concessions to Dynasty

RIVERTON, Wyo., Sept. 27 (UPI) -- Sutter Gold Mining Inc. said Monday it would sell three Ecuadorian gold concessions to a Canadian mining company.

Canada's Dynasty Metals & Mining Inc. will give Sutter 30,000 shares of its common stock to buy the concessions, located in the Portovelo region of southern Ecuador, from Sutter, which is controlled by U.S. Energy Corp.

The Sutter properties are adjacent to existing Dynasty concessions.

The sale lets Sutter focus its attention on a gold project in California, officials said.