ANNUAL REPORT 2012 On 27 July 2011, the Company announced that Edifica Participações Ltda (“Edifica”), Cleveland Mining’s Joint Venture partner in the Premier, Guarinhos and Baú projects, has exercised a purchase option for 50% of O Capitão. Edifica will pay Cleveland approximately $1 million (50% of all costs incurred on the project to date with the final figure still to be determined) to exercise the option and will contribute equally to all costs going forward.
CDG Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held