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Microsoft Word - Update Rights Issue 30 May
ACN. 000 317 251
MARKET RELEASE 30 May 2016
Update on Rights issue Clarification of Underwriting
The Board of CuDeco Limited ("CuDeco" or "Company") (ASX: CDU) provides the following update on the recently completed Rights Issue:-
No of Ordinary Fully Paid Shares
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Shares on issue prior to Rights Issue 315,422,559
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Shares offered under Rights Issue 78,855,640
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Total entitlements and additional securities issued to eligible
shareholders
41,735,693
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The total shortfall from the Rights Issue (fully underwritten) 37,119,947
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Number of shortfall shares taken up by the Sub-Underwriters on 23
May 2016
24,619,947
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Total number of shares on issue and quoted on ASX as at today 381,778,199
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The remaining commitment for the shortfall under the Underwriting
Agreement.
12,500,000
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The remaining shortfall shares are expected to be allotted by 31 July 2016
The remaining shortfall shares to be taken up under the Underwriting Agreement will be issued under listing Rule 3.10.3 as follows:-
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Class of shares will be Ordinary shares;
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Number of securities to be issued 12,500,000
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The shares will be fully paid;
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The shares will be issued at 80 cents per share;
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The Company will not seek shareholder approval in relation to the proposed issue of securities; and
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The issue will not be to a new class of shareholders.
On behalf of the Board.
-ends
Unit 33, Brickworks Annex, 19 Brolga Avenue, SOUTHPORT 4215
Phone: +617 5503 1955 Facsimile: +617 5503 0288 Email: [email protected]
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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. |