CDG cleveland mining company limited
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News: CDG Cleveland Mining signs MOU with US-based mining focused fund

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    24/05/16
    09:28
    Post #: 17848215

    May 24 (Reuters) - Cleveland Mining Co Ltd (CDG) :

    • Mou signed with large US based mining focused fund for US$25 million gold pre- pay agreement
    • In addition, Cleveland has obtained bridge funding of AU$2.0M
    • AU$2.0MLN bridge funds obtained to support completion of drilling program Says the US$25M facility will have a term of 42 months
    • Funding will be used to re-finance all existing debt, increase cleveland's ownership of premier/o capitão to 100%
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