Brief: Carbine Resources To Acquire Cockatoo Iron Nl

Carbine Resources

22/01/2020 13:07

Jan 22 (Reuters) - Carbine Resources Ltd  CRB.AX :
    * ENTERED INTO A BINDING SHARE SALE AGREEMENT TO ACQUIRE
COCKATOO
IRON NL
    * COMPANY WILL ISSUE A PROSPECTUS TO RAISE $3.2 MILLION AT
$0.03
PER SHARE
    * ACQUISITION CONSIDERATION TO CONSIST OF UP TO 291.5
MILLION
ORDINARY SHARES IN CO
    * FUNDS RAISED WILL BE SPENT ON AN EXPLORATION PROGRAM
REGARDING
COCKATOO ISLAND PROJECT
    * AMCI IRON ORE TO SUBSCRIBE FOR 83 MILLION SHARES AT $0.03
PER
SHARE, UNDER CAPITAL RAISING

Source text for Eikon:  urn:newsml:reuters.com:*:nASX3rdNXk
Further company coverage:  CRB.AX 

 (Reuters.Briefs@thomsonreuters.com)