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  • Cleveland Mining Company To Disclose Details Of Capital Raising 2 comments
    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.

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  • exposed
    , contributor
    Comments (33) | Send Message
    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
  • exposed
    , contributor
    Comments (33) | Send Message
    STOCK DOWN 75%




    23 Nov 2015, 10:49 PM Reply Like
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