CZR Resources (ASX:CZR) said it has satisfied the condition of the Foreign Investment Review Board for the sale of its interest in some tenements comprising its Robe Mesa iron ore project for cash consideration of AU$75 million, according to a Wednesday Australian bourse filing.
The deal still needs to satisfy conditions like the ministerial consent and third-party consents, among others, the filing added.
The company's shares were up 4% in recent Wednesday trade.
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