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Cleveland Mining Co Ltd Completes Capital Raising


Tuesday, 21 Aug 2012 07:22pm EDT 

Cleveland Mining Co Ltd announced that it has completed a private placement of approximately 16.9 million new ordinary shares raising approximately AUD 10.7 million before costs. The Company will issue approximately 8.1 million new ordinary shares to sophisticated, professional and institutional investors at AUD 0.62 per share to raise approximately AUD 5.03 million. The funds raised will be used for: facilities and equipment at the Premier Gold Mine relating to the mining and production of gold including the fabrication and installation of CIL plant; augmenting working capital requirements; and meeting the reasonable contributions under the BCI Strategic Alliance. 

Company Quote

0.094
0.0020 +2.17%
11 Jul 2014