Cleveland lines up $10m in finance

Cleveland Mining Company has secured a $10 million finance facility to fund further exploration of its Brazilian portfolio of mining assets.


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Cleveland Mining is a not a good investment, likely headed much lower. They just entered a death spiral with Baycrest, the same group as fraudulently charged Dutchess Capital. "Plaintiffs in this action were investors in two hedge funds managed by Dutchess Capital Management, LLC (Dutchess Capital). When those investments failed, plaintiffs commenced suit against Dutchess Capital, an affiliate, its principals, its outside auditor and its administrator. They alleged breach of contract, breach of fiduciary duty, malpractice, fraud and similar claims."

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Total value as at the date of the transaction
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