BRIEF-Cradle Resources Enters Binding Agreement To Acquire Volt Geothermal And Within Energy

Reuters

2023/07/07

July 7 (Reuters) - Cradle Resources Ltd :

* ENTERED INTO A BINDING AGREEMENT TO ACQUIRE VOLT GEOTHERMAL PTY LTD AND WITHIN ENERGY PTY LTD

* CONSIDERATION FOR ACQUISITION IS 220.4 MILLION CRADLE SHARES

* COMPANY IS TRANSITIONING INTO RENEWABLE ENERGY SECTORS UNDER AGREEMENT

* PLANS TO UNDERTAKE A CAPITAL RAISE OF A$6 MILLION

Source text for Eikon: Further company coverage:

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

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