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BRIEF-Cleveland Mining signs MOU with US-based mining focused fund

Published 24/05/2016, 09:26 am
© Reuters.  BRIEF-Cleveland Mining signs MOU with US-based mining focused fund
CDG
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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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