Gullewa Limited Announces Filing of Early Warning Report Related to Acquisition of Ordinary Shares of Central Iron Ore Limited

Executive Summary

• Gullewa Limited filed an early‑warning report announcing the acquisition of 2,802,954 ordinary shares of Central Iron Ore Limited (CIO) through its subsidiary Brooklyn Bay Pty Ltd.
• Post‑acquisition, Gullewa and its joint actors will control approximately 60.02% of CIO’s issued and outstanding shares on an undiluted basis (≈63.80% on a partially diluted basis).
• The transaction increases Gullewa’s ownership from ~57.02% to ~60.02%, solidifying majority control of the target company.

Key Details

• Acquisition Size: 2,802,954 ordinary shares purchased via exercise of an equal number of share purchase warrants.
• Pre‑Closing Ownership: Gullewa and joint actors held 21,299,000 shares + 6,994,000 warrants (~57.02% undiluted; ~63.80% partially diluted).
• Post‑Closing Ownership: Combined holdings rise to 24,101,954 shares + 4,191,046 warrants (~60.02% undiluted; ~63.80% partially diluted).
• Acquisition Vehicle: Wholly‑owned subsidiary Brooklyn Bay Pty Ltd acted as the purchaser.
• Future Flexibility: Gullewa and joint actors may increase or decrease holdings of CIO securities depending on market conditions or other circumstances.
• Reporting: The early‑warning report is filed on SEDAR+; contact David Deitz ([email protected]) for further information.

Notable Quotes

(No direct quotes were provided in the release.)