MCINTYRE MINES <MP> COMPLETES UNIT SALE McIntyre Mines Ltd said it completed the previously announced sale of all shares of wholly owned Smoky River Coal Ltd and certain related assets to Smoky River Holdings Ltd for a nominal cash consideration. McIntyre did not specify the cash amount of the sale. Smoky River Holdings is an Alberta company controlled by Michael Henson, former president and chief executive of McIntyre, the company said. McIntyre said it retained an unspecified royalty interest in Smoky River Coal based on net operating cash flows from the company's coal properties. McIntyre also said it provided a three mln dlr last recourse letter of credit to the Alberta government for Smoky River Coal's reclamation obligations. The credit letter expires either when Smoky River completes three mln dlrs of reclaiming activities or December 31, 1992, which ever occurs first. McIntyre said it also remains contingently liable for certain obligations now totalling about seven mln dlrs, which will reduce over time as Smoky River continues to operate. McIntyre's principal asset continues to be its 14 pct interest in Falconbridge Ltd <FALCF>.