| 09/12/2015: Revised Rights Issue Timetable | |
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Microsoft Word - ASX Announcement 9 December 2015 - revised timetable Draft
ACN. 000 317 251
MARKET RELEASE 9 December 2015
REVISED RIGHTS ISSUE TIMETABLE
Cloncurry mining company CuDeco Limited (ACN 000 317 251) (CuDeco) provides the following amended timetable for the release of the Reserve statement and for the revised Rights Issue.
The Company has been advised by its consultants the Reserve Statement should be completed and available for release to the market tomorrow, 10 December 2015. Due to this delay in the release of the Reserve statement CuDeco has amended the timetable for the revised Rights Issue (see below) to allow for the inclusion of the Reserve Statement in the Prospectus.
The rights issue aims to raise approximately $63 million, with shares to be issued on the basis of one new fully paid ordinary share for every four shares held, at an issue price of $0.80 per share (refer ASX announcement dated 3 December 2015).
Revised timetable
Event
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Date
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Reserve Statement released
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Thursday, 10 December 2015
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Prospectus lodged with ASIC and ASX and Appendix 3B lodged ASX
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Friday, 11 December 2015
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Annual General Meeting
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Monday, 14 December 2015
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Notice of Rights Issue sent to Shareholders
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Thursday, 17 December 2015
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Existing shares quoted on an ex-Rights basis
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Monday, 21 December 2015
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Record Date for Rights Issue (7:00pm Brisbane)
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Wednesday, 23 December 2015
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Dispatch Prospectus and entitlement acceptance form to shareholders and dispatch announced to ASX
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Thursday, 29 December 2015
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Closing Date of Rights Issue
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Thursday, 14 January 2016
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Advise ASX of any shortfall
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Tuesday, 19 January 2016
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Trading Halt lifted - Ordinary shares recommence trading
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Tuesday, 19 January 2016
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Allotment of New Shares under Rights Issue
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Thursday, 21 January 2016
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Dispatch of holding statements for New Shares
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Friday, 22 January 2016
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Normal trading of New Shares on ASX begins
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Friday, 22 January 2016
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Unit 33, Brickworks Annex,19 Brolga Avenue, SOUTHPORT 4215 Phone: +617 5503 1955 Facsimile: +617 5503 0288
Final Date for placement of any Shortfall (3 months following Closing Date)
Thursday, 14 April 2016
This announcement does not lift the current trading halt on the Company's shares and in accordance with ASX Listing Rule 17.2:
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the Company requests the voluntary suspension continue until the above capital raising is successfully completed as it is an essential part of the Company's future funding plans;
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the Company expects the voluntary suspension to continue until 19 January 2016;
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the event which will end the voluntary suspension will be the closing of the Rights issue referred to in the above Timetable; and
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the Company is not aware of any reason why the voluntary suspension should not be granted.
On behalf of the Board
-ends
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CuDeco Limited
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EXPLORATION STAGE |
CODE : CDU.AX |
ISIN : AU000000CDU1 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
CuDeco is a copper producing company based in Australia. CuDeco holds various exploration projects in Australia. Its main exploration properties are LAS MINERALE and ROCKLANDS in Australia. CuDeco is listed in Australia. Its market capitalisation is AU$ 90.7 millions as of today (US$ 62.0 millions, € 55.9 millions). Its stock quote reached its highest recent level on August 13, 2010 at AU$ 4.38, and its lowest recent point on February 09, 2018 at AU$ 0.20. CuDeco has 394 280 000 shares outstanding. |