Brief: Cradle Resources Enters Binding Agreement To Acquire Volt Geothermal And Within Energy

Earths Energy

07/07/2023 01:56

July 7 (Reuters) - Cradle Resources Ltd  CXX.AX :
    * ENTERED INTO A BINDING AGREEMENT TO ACQUIRE VOLT
GEOTHERMAL PTY
LTD AND WITHIN ENERGY PTY LTD
    * CONSIDERATION FOR ACQUISITION IS 220.4 MILLION  CRADLE
SHARES
    * COMPANY IS TRANSITIONING INTO RENEWABLE ENERGY SECTORS
UNDER
AGREEMENT
    * PLANS TO UNDERTAKE A CAPITAL RAISE OF A$6 MILLION

Source text for Eikon:  ID:nASX2gLx1p 
Further company coverage:  CXX.AX 

 ((Reuters.Briefs@thomsonreuters.com;))