$CIO - Dispute settled? CIO Completes AUD$3.45 Million Sale of Eureka Gold Project
VANCOUVER, British Columbia, Aug. 06, 2018 (GLOBE NEWSWIRE) -- Central Iron Ore Ltd. (CIO – TSX.V) (“CIO”) is pleased to announce that it has completed the AUD$3.45 million sale of its Eureka Gold Project to ASX listed Tyranna Resources Limited (ASX:TYX) (“Tyranna”).
The structure of the total consideration paid to CIO for the Eureka Gold Project consists of:
Tyranna paid CIO AUD$1,869,003 in cash.
Tyranna Issued of 93,205,304 shares in Tyranna at a deemed price of $0.017 per shares totalling AUD$1,584,490.
CIO paid Coral Brook Pty Ltd AUD$144,499 as a fee for facilitating the sale.
On behalf of the Board of Directors
CENTRAL IRON ORE LTD.
“Brett Hodgins”
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Brett Hodgins, President/CEO