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Crusader raises survival cash

Brazil-focused developer Crusader improves finances, but Nomad still quits

Alex Hamer
The sale of the Posse iron ore mine will finally bear fruit, with payments to start next month

The sale of the Posse iron ore mine will finally bear fruit, with payments to start next month

The company said last month it would quickly run out of cash without a boost from shareholders, but has managed to keep afloat on the $231,000 it had in the bank as of September 31. The new financing...

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