| 23/10/2014: Response to AFR Article | |
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ACN. 000 317 251
MARKET RELEASE 23rd October 2014
Response to AFR Article today
An article that appeared in Australian Financial Review today made some comments that were fabricated and untrue.
The article said that:
1. AFR Claim: CuDeco had rejected a handful of offers of convertible notes from US Hedge
Funds.
CuDeco has not been offered or rejected convertible notes from US Hedge funds.
2. AFR Claim: CuDeco as at June 30th 2014 "had A$9.6m in the bank and had spent
$US45m of a $US65m Bank Facility
As at 30th June 2014 CuDeco had not drawn any of the US$65m Bank Facility
3. AFR Claim: CuDeco was looking at a Hong Kong and or Singapore listing.
CuDeco has on numerous occasions advised shareholders over the past 5 years of a possible dual ASX/HKEX listing in HK. The company has never discussed the possibility of a listing in Singapore.
It appears that the press can publish misleading information that may effect the market without any fear of regulatory intervention.
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Board of Director
Unit 34, Brickworks Annex,19 Brolga Avenue, SOUTHPORT 4215
Phone: +617 5503 1955 Facsimile: +617 5503 0288
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CuDeco Limited
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EXPLORATION STAGE |
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CODE : CDU.AX |
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ISIN : AU000000CDU1 |
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ProfileMarket
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CuDeco is a copper producing company based in Australia. CuDeco holds various exploration projects in Australia. Its main exploration properties are LAS MINERALE and ROCKLANDS in Australia. CuDeco is listed in Australia. Its market capitalisation is AU$ 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. |