Cleveland Mining Company (ASX:CDG) has been granted an ASX...

Cleveland Mining Company (ASX:CDG) has been granted an ASX trading halt in relation to a restructuring of its funding arrangements.

The halt will last until the earlier of the announcement being made or the start of trade on Tuesday, 17th March 2015.

The company has plans underway to increase production at its Premier Gold Mine in Brazil by 150% from the current 30 ounces per day.

Step-out drilling program is planned at Premier and O Capitão to expand resources, targeting 250,000 ounces to support 6 years mine life at 40,000 ounces per annum.

Cleveland has also progressed its substantial iron ore exploration portfolio.

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