Key Developments: Cleveland Mining Co Ltd (CDG.AX)

CDG.AX on Australia Stock Exchange

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30 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Cleveland Mining Co Ltd Secures AUD10 Million Facility With Baycrest Capital
Sunday, 16 Jun 2013 07:17pm EDT 

Cleveland Mining Co Ltd announced the signing of an A$10 million Investment Facility with Boston-based Investment Manager, Baycrest Capital. The facility provides Cleveland with the ability to draw down funds at its discretion over a three year term, providing wellpriced capital that will facilitate the further development of the Company's Brazilian portfolio. Key Terms: Limit of AUD10 million based on individual tranches of up to AUD500,000 each, or any such amount agreed between the parties; Each draw-down will be matched by an issue of ordinary shares priced at 100% of a weighted average market price formula; The facility provides Cleveland with the right, with no obligation, to draw down on the facility. The Company is free to assess its optimal funding sources going forward and is not bound by minimum periodic draw-downs; and An initial 2% fee paid in Cleveland shares on the total funding commitment and a 5% commission fee for each tranche drawn. This new source of funding gives the Company confidence to continue its Brazilian development, which includes the optimisation of the Premier JV Mine and plans to start mining at the nearby and soon to be gazetted, O Capitão deposit.  Full Article

Cleveland Mining Co Ltd Granted Right To Continue Exploration At High Grade Gold Project Near Premier
Monday, 20 May 2013 07:29pm EDT 

Cleveland Mining Co Ltd announced that a Judicial Finding has been made by the Federal Court of the State of Goiás, Brazil, which demands that the Mines Department proceed with the immediate publication (gazetting) of Research Licenses 862.739/2011 and 862.740/2011 for the O Capitão Gold Project, which would allow Cleveland to resume exploration work on the project.  Full Article

BC Iron Ltd Signs Two Memoranda of Understanding With Cleveland Mining Company Limited
Thursday, 2 May 2013 08:23pm EDT 

BC Iron Ltd announced that the Company and Cleveland Mining Company Limited (ASX:CDG) have signed two Memoranda of Understanding (MoU) to earn the rights to acquire up to 80% of three separate iron ore exploration projects in the Brazilian states of Salvador da Bahia and Minas Girais. The MoU propose a staged earn-in process linked to appropriate levels of exploration and development assessment for each successive stage and are conditional upon the satisfactory completion of long form Option to Purchase Agreements. The proposed acquisitions constitute the first iron ore projects in Brazil for the Strategic Alliance (The Alliance) between BC Iron and Cleveland.  Full Article

Cleveland Mining Co Ltd Not To Pay Interim Dividend
Tuesday, 5 Mar 2013 10:43pm EST 

Cleveland Mining Co Ltd announced that no dividends were declared or paid during the half year ended December 31, 2012.  Full Article

Cleveland Mining Co Ltd Announces Holding Interest Of BC Iron (SA) Pty Ltd
Thursday, 21 Feb 2013 04:28pm EST 

Cleveland Mining Co Ltd announced that BC Iron (SA) Pty Ltd has ceased to be substantial shareholder of the Company. Earlier, BC Iron (SA) Pty Ltd had 5.00% interest of voting power in the Company.  Full Article

Cleveland Mining Co Ltd Issues New Ordinary Shares
Tuesday, 19 Feb 2013 12:22am EST 

Cleveland Mining Co Ltd announced that it has issued 18,000,000 fully paid ordinary shares at an issue price of AUD 0.25 per share. The shares are issued to fund the group's exploration and extensional drilling surrounding the Premier Gold Mine and sampling programs and drilling at the Mara Rosa Gold Project.  Full Article

Cleveland Mining Co Ltd Raises AUD 7 Million Through Placement And Share Purchase Plan
Wednesday, 13 Feb 2013 05:46pm EST 

Cleveland Mining Co Ltd announced that it has received firm commitments from institutional and sophisticated investors to raise AUD 7.0 million, comprised of a AUD 5.5 million placement (Placement) and a AUD 1.5 million Underwritten Share Purchase Plan (SPP) both priced at AUD 0.25 per share (together the Capital Raising). The funds will allow the Company to commence: exploration and extensional drilling surrounding the Premier Gold Mine; and sampling programs and drilling at the Mara Rosa Gold Project.  Full Article

Cleveland Mining Co Ltd Appoints Chief Executive Officer
Thursday, 29 Nov 2012 05:32pm EST 

Cleveland Mining Co Ltd announced the appointment of Mr. Peter Fisher as Chief Executive Officer, reporting to Managing Director Mr. David Mendelawitz.  Full Article

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