GREENWOOD RESOURCES &lt;GRRL> SELLS COMPANY STAKE

  Greenwood Resources Inc said it has sold
  its 4,300,000 common share majority holding in &lt;New London Oil
  Ltd> of London to an affiliate of &lt;Guinness Peat Group PLC> of
  London and an affiliate of &lt;Sidro SA> of Belgium for a total of
  1,700,0000 dlrs in cash.
      The company said it will apply the proceeds of the sale to
  support its line of credit and as part of a proposed debt
  restructuring with Colorado National Bancshares &lt;COLC> and
  Greenwood shareholders.
      It said it will retain a seat on the New London board.
  

