Brief: Cradle Resources To Acquire Australian Geothermal Assets

Earths Energy

31/10/2023 07:25

Oct 31 (Reuters) - Cradle Resources Ltd  CXX.AX :
    * CRADLE TO ACQUIRE AUSTRALIAN GEOTHERMAL ASSETS
    * CONSIDERATION FOR ACQUISITIONS IS 220.4 MILLION  CRADLE
SHARES
    * SIGNS BINDING SHARE SALE AGREEMENTS TO ACQUIRE 84% OF ALL
ISSUED
SHARES IN VOLT GEOTHERMAL PTY LTD AND WITHIN ENERGY PTY LTD
    * WILL COMPLETE A A$6 MILLION CAPITAL RAISING (BEFORE COSTS)
TO
FUND A WORK PROGRAM AND FOR WORKING CAPITAL PURPOSES.

Source text for Eikon:  ID:nASX2djN3T 
Further company coverage:  CXX.AX 

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