GREENWOOD RESOURCES <GRRL> SELLS COMPANY STAKE Greenwood Resources Inc said it has sold its 4,300,000 common share majority holding in <New London Oil Ltd> of London to an affiliate of <Guinness Peat Group PLC> of London and an affiliate of <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 <COLC> and Greenwood shareholders. It said it will retain a seat on the New London board.