May 24 (Reuters) - Cleveland Mining Co Ltd CDG.AX :
* 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%
* Source text for Eikon ID:nASXrh08J
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