
Pearl Gull to sell Cockatoo Island project for $4.5m
Pearl Gull to sell Cockatoo Island project for $4.5m Pearl Gull Iron (ASX: PLG) has executed a binding asset sale and purchase agreement (with Buccaneer Resources, Crestlink and JCA WA Nominees. Under the agreement, Pearl Gull Iron Company will sell 100% of its interest in the tenements which comprise its Cockatoo Island project (including mining lease 04/235), together with all mining information, plant and infrastructure and the benefit of certain contracts relating to those tenements for $4.5m in cash, a 4% equity interest in Crestlink and a royalty payable on materials extracted from the Cockatoo Island project. Cockatoo Island is situated off the Northwest...









