Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • Cleveland Mining Company To Disclose Details Of Capital Raising 1 comment
    Apr 23, 2013 10:49 PM

    Cleveland Mining Company (ASX: CDG) has been granted a trading halt by the ASX today as it prepares to make a material announcement regarding a previously announced capital raising.

    In February, the company said it had received firm commitments from institutional and sophisticated investors to raise $7 million.

    The money raised will fund exploration and extensional drilling surrounding the Premier Gold Mine in Brazil as well as sampling programs and drilling at the Mara Rosa Gold Project, also in Brazil.

    The capital raising comprised a $5.5 million placement and a $1.5 million underwritten share purchase plan both priced at $0.25 per share.

    The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Monday 29 April.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • Plaintiffs Cannonball Fund invested with defendant Duchess Capital
    Management and several of its subsidiaries.
    The plaintiffs alleged that the defendants misrepresented their stated objectives and breached their fiduciary duties by
    making a series of questionable investments in two companies.
    Beginning in 2003, they claimed, the defendants invested approximately $30 million in two companies for the purpose of enriching themselves through fees,stock grants and other compensation.The companies eventually failed.
    20 Jun 2013, 10:05 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.