BRIEF-Cradle Resources To Acquire Australian Geothermal Assets

Reuters

2023/10/31

Oct 31 (Reuters) - Cradle Resources Ltd :

* 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: Further company coverage:

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

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