Sydney, Australia--(Newsfile Corp. - September 27, 2024) - Central Iron Ore Ltd. (TSXV: CIO) (the "Company") is pleased to announce that, further to its press releases of August 2, 2024 and August 19. 2024, the Company has completed its rights offering (the "Rights Offering") to eligible holders of the ordinary shares (each, a "Share") in the capital of the Company at the close of business on the record date of August 13, 2024.

Pursuant to the Rights Offering, the Company issued a total of 10,678,532 units (the "Units") of the Company, at a price of $0.05 per Unit for gross proceeds of $533,926.60. Each Unit will be comprised of one Share and one Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one Share at an exercise price of $0.08 per Share on or before April 30, 2029. The Warrants will not be listed for trading on any securities exchange, however, the Warrants will be transferable. see & read more on
https://www.newsfilecorp.com/release/224884/