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

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    03/01/24
    17:05
    Post #: 71712952

    Jan 3 (Reuters) - Strike Resources Ltd (SRK) :

    • 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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