Central Iron Ore investor Gullewa acquires 2.8M shares

Mr. David Deitz of Gullewa reports GULLEWA LIMITED ANNOUNCES FILING OF EARLY WARNING REPORT RELATED TO ACQUISITION OF ORDINARY SHARES OF CENTRAL IRON ORE LIMITED Gullewa Ltd. has filed an early warning report in connection with the acquisition of an aggregate of 2,802,954 ordinary shares in the capital of Central Iron Ore Ltd., through its wholly owned subsidiary Brooklyn Bay Pty. Ltd., in connection with the exercise of 2,802,954 ordinary share purchase warrants. Prior to closing the acquisition, Gullewa and the joint actors, directly or indirectly, beneficially owned, or had control or direction over, an aggregate of 21,299,000 shares and 6,994,000 warrants, representing approximately 57.02 per cent of the issued and outstanding shares of the company on an undiluted basis and approximately 63.80 per cent on a partially diluted basis. Upon completion of the acquisition, Gullewa and the joint actors, directly or indirectly, beneficially owned, or had control or direction over, an aggregate of 24,101,954 shares and 4,191,046 warrants, representing approximately 60.02 per cent of the issued and outstanding shares on an undiluted basis and approximately 63.80 per cent on a partially diluted basis. Depending on market and other conditions, or as future circumstances may dictate, Gullewa and the joint actors may from time to time increase or decrease their holdings of shares or other securities of the company. For further details relating to the acquisition, please see the report, a copy of which is available on SEDAR+, or by contacting David Deitz at [email protected].