VANCOUVER, British Columbia, May 25, 2018 -- Central Iron Ore Ltd. is pleased to announce that it has entered into an agreement for the AUD$580,000 sale of its South Darlot Exploration Project to Kingwest Resources Limited . The Purchaser is an unlisted public company which intends to undertake an initial public offer and list on the Australian Securities Exchange. The transaction involves the Purchaser issuing 2,900,000 [...]
Central Iron Ore Ltd. is pleased to announce that it has been notified that the mining operations have commenced at its Eureka Gold Mine in Western Australia by Eureka Mines Pty Ltd . With mining operations commencing a pre-paid royalty of AUD$250,000 is paid to CIO which amount will satisfy subsequent royalty payments up to this amount. The mining operation phase is expected to be completed by April 2018. The mining [...]
Central Iron Ore 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. 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 [...]
Central Iron Ore is pleased to announce that it has entered into an agreement for a Trial mining operation at its Eureka Gold Mine in Western Australia to Eureka Mines Pty Ltd. The consideration payable by the Producer for the gold rights of the Project includes an AUD$100,000 reimbursement payment on signing of the transaction and a net smelter royalty.
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