Brief: Cufe Says To Move To 100% Ownership Of JWD Iron Ore Rights

Cufe

22/02/2023 01:15

Feb 22 (Reuters) - Cufe  CUF.AX :
    * CUFE TO MOVE TO 100% OWNERSHIP OF JWD IRON ORE RIGHTS
    * TO INCREASE ITS INTEREST IN IRON RIGHTS OVER JWD IRON ORE
MINE
FROM 60% TO 100%
    * INCREASE ITS INTEREST IN IRON RIGHTS VIA ISSUE OF 150
MILLION
CUFE SHARES AND REFUNDING HISTORICAL CASH CONTRIBUTIONS
    * AGREEMENT WITH ENTITIES ASSOCIATED WITH GOLD VALLEY TO
ACQUIRE
REMAINING 40% JOINT VENTURE INTEREST IN JWD IRON ORE PROJECT
    * TO RESTRUCTURE VARIOUS OTHER OBLIGATIONS THAT EXIST
BETWEEN
PARTIES WITH RESPECT TO TENNANT CREEK JOINT VENTURE AND YARRAM
JOINT VENTURE

Source text for Eikon:  ID:nASXQR0LR 
Further company coverage:  CUF.AX 
 ((Reuters.Briefs@thomsonreuters.com;))