CIO Agrees AUD$3.2 Million Sale of Eureka Gold Project [Canadian Business Journal (Canada)]
AngloGold Ashanti PLC Ordinary Shares (AU)
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anglogoldashanti.com/investors
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Source: Canadian Business Journal
CIO Agrees AUD$3.2 Million Sale of Eureka Gold Project VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 1, 2017) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Central Iron Ore Ltd. (TSX VENTURE:CIO) (“CIO”) is pleased to announce that it has entered into an agreement for the AUD$3.2 million sale of its Eureka Gold Project to ASX listed Tyranna Resources Limited (ASX:TYR) (“Tyranna”). The structure of the consideration payable to CIO for the Eureka Gold Project consists of: Payment 1: Tyranna paying CIO AUD$250,000 in cash on execution of the sale and purchase agreement. Payment 2: Issue of 14,705,882 shares in Tyranna at a deemed price of $0.017 per share within 5 days after Tyranna’s annual general meeting of Shareholders. The share consideration is escrowed for a period of 12 months. Payment 3: Issue of 70,882,353 shares in Tyranna at a deemed price of $0.017 per share at completion being the 3
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