| 20/08/2015: Update on Voluntary Suspension | |
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Microsoft Word - Request for Voluntary Suspension 20 August 2015
ACN. 000 317 251
Mr M Piccini,
Adviser, Listings (Perth),
ASX Compliance Pty Limited, Level 8 Exchange Plaza,
2 The Esplanade
Perth WA 8000
Dear Mauro,
Update on Voluntary Suspension
20 August 2015
CuDeco Limited (ASX Code; CDU, CuDeco) requests that it continues with its voluntary suspension of its shares.
The Company requested a Voluntary Suspension on 6 August 2015 while seeking clarification of its planned financing arrangements. The Company has received some short term loans from its major shareholders and has made positive progress to finalise its medium term funding requirements with the assistance of its major shareholders and expects that the documentation will be able to be finalised and released to the market within the next two weeks.
Therefore in accordance with ASX Listing Rule 17.2:
1. the Company requests the voluntary suspension continue until it can complete the documentation for its funding/capital raising plans. It will then be able to provide the market with a definitive update on its future plans;
2. the Company expects the voluntary suspension to continue until the documentation for the funding and capital raising are finalised and an announcement is made to the ASX in this regard. At this stage it expects to be able to do so by 4 September 2015;
3. the event which will end the voluntary suspension will be the announcement referred to in paragraphs 1 and 2; and
4. the Company is not aware of any reason why the voluntary suspension should not be
granted.
Yours faithfully
B Bamonte
Company Secretary
Unit 34, Brickworks Annex,19 Brolga Avenue, SOUTHPORT 4215
Phone: +617 5503 1955 Facsimile: +617 5503 0288
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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. |