Wednesday, 15 September, 2010 - 14:59
Cleveland closes $6m capital raising
Gold company Cleveland Mining Company, formerly Western Kingfish, has closed an over-subscribed, $6 million capital raising.
David Mendelawitz has extensive international experience in exploration, mining and commerce.
Mr Mendelawitz was head of business improvement at Fortescue Metals Group where he drove projects in exploration, project construction, mine and infrastructure optimisation, and expansion planning. He was also the managing director of Cleveland Mining and Elmore.
Mr Mendelawitz has a Bachelor of Science (Honours) in Applied Geology, and a Graduate Diploma in Applied Finance and Investment (Mining Investment Analysis) from the WA Securities Institute.
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NEWS: Tagged in Board Moves August 17, 2023 | 17 Aug 2023 |
Gold company Cleveland Mining Company, formerly Western Kingfish, has closed an over-subscribed, $6 million capital raising.
Australian gold company Cleveland Mining has listed on the Australian Securities Exchange today and announced former Rio Tinto executive Don Bailey has been appointed chairman.
Cleveland Mining Company's board of directors has taken on more Fortescue Metals Group flavour, with the appointment of former FMG deputy chief executive Russell Scrimshaw as non-executive director.
The head of Chinese steel group Aosen Steel has acquired a cornerstone interest in Cleveland Mining Company, taking up $4.08 million of the miner’s recently completed $10.1 million share placement.
BC Iron has entered into a strategic joint venture with Cleveland Mining to pursue growth projects in Brazil.The arrangement with Cleveland - which is Australian-managed but has several Brazilian iron ore projects – also involves BC Iron taking a 5 per cent stake in the company.
Fresh from entering a strategic partnership with BC Iron, Cleveland Mining has completed a $10.7 million share placement.Cleveland announced it had completed a private placement of 16.9 million shares, priced at 62 cents each.
Cleveland Mining has secured $7 million in fresh funding to advance exploration and sampling programs at its Premier and Mara Rosa gold projects in central Brazil.
BC Iron and Cleveland Mining Company have taken the first steps to securing the first three projects under the iron ore miners’ Brazilian strategic alliance.
Cleveland Mining Company has secured a $10 million finance facility to fund further exploration of its Brazilian portfolio of mining assets.
Cleveland Mining Company managing director David Mendelawitz will temporarily relocate to Brazil to oversee the company's gold mining operations, following the resignation of chief executive Peter Fisher.
Cleveland Mining shares have gained slightly after the miner was granted a licence to construct a carbon in leach (CIL) processing plant at its Premier gold mine in Brazil.The company said the CIL plant would substantially increase the amount of gold it recovers during processing.
Cleveland Mining Company has raised $3 million to accelerate development at its Premier gold mine in Brazil.
A junior miner’s chief executive says he has voluntarily submitted to ASIC the contents of an internal investigation into a failed project expansion in India.
The chief executive of iron ore exploration and development company Elmore, formerly IndiOre, has confirmed his brother’s law firm undertook the independent review into the business’s failed project expansion, which was approved and under construction despite no adequate mineralisation being discovered.
Elmore has won a federal court battle launched by its former chief operating officer, who was dismissed for misleading the board about the viability of iron ore projects in India.
Our board moves wrap includes Jonathan King, Mark Major, Adam Waterworth, Lisa Wade, Peter Richards, David Mendelawitz, and Anees Sabet.
Our board moves wrap includes Peter Snowsill, Rebekah Letheby, and David Mendelawitz.
Position | Company | Year | Company's current rank |
---|---|---|---|
Managing Director
|
2018 - 2023 | 87 | |
Managing Director
|
2010 - 2018 | ||
Head of Business Improvement
|
2004 - 2009 | 1 |
Company | Date | Transaction type | Number of shares | Price per share | Transaction value | Nature of change |
---|---|---|---|---|---|---|
2022-12-22 | Bought | 15,000,000 | $0.02 | $255,000 | Other |