March 25 (Reuters) - Stone Resources Australia Ltd SHK.AX :
* ON 16 MARCH, ENTERED DEBT & EQUITY COMPROMISE AGREEMENT WITH MAJOR DEBT PROVIDER AND MAJOR SHAREHOLDER
* TO FINANCE ACQUISITION COSTS & PROVIDE CAPITAL, PROPOSES TO SELL NORTH PROJECT, INCLUDING BEN HUR & DELTA DEPOSITS
* AGREEMENT TO EXTINGUISH ABOUT $53 MILLION OF DEBT AND TO BUY BACK ABOUT 433 MILLION SHARES OF CO'S CURRENT ISSUES CAPITAL
* DEAL FOR $11.4 MILLION IN CASH AND GRANTING OF 2.5% OF NSR OVER ALL CO'S TENEMENTS