Brief: Strike Resources Announces Proposed Divestment Of Paulsens East Iron Ore Project

Strike Resources

03/01/2024 06:04

Jan 3 (Reuters) - Strike Resources Ltd  SRK.AX :
    * PROPOSED DIVESTMENT OF PAULSENS EAST IRON ORE PROJECT
    * ENTERED INTO A SHARE AND ASSET SALE AGREEMENT WITH MIRACLE
IRON
HOLDINGS PTY LTD
    * SHARE AND ASSET SALE AGREEMENT WITH MIRACLE IRON HOLDINGS
FOR
SALE OF 100% OF SHARES IN WHOLLY-OWNED SUBSIDIARY, STRIKE IRON
ORE
    * STRIKE WILL RECEIVE A$20 MILLION ON COMPLETION WITH A$0.5
MILLION DEFERRED CONSIDERATION PAYABLE BY MIRACLE ON 30 JUNE
2024
    * DEAL IN CONSIDERATION OF CASH PURCHASE PRICE OF A$20.5
MILLION

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