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MARKET RELEASE
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1 November 2016
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Refinancing Update - Extension Approved
CuDeco Limited (ASX: CDU) advise that it has received confirmation from China Minsheng Banking Corporation ("Minsheng") that the extension of the existing bank facilities has been approved.
The facility agreement documentation for the extension is now being prepared for execution.
The Company will now seek to finalise its Financial Statements for the year ended 30 June 2016. CuDeco Limited's shares remain in voluntary suspension pending their finalisation which is expected to occur before 10 November 2016.
The following information is provided in relation to the continued suspension of the Company's shares:
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The suspension is required as the Company is not able to finalise its financial statements for the year ended 30 June 2016;
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The suspension is expected to last until approximately 10 November 2016;
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The suspension is expected to be lifted once the Financials are signed which will occur as soon as possible after the completion of the external audit; and
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The Company is not aware of any reason why its shares should not be suspended.
On behalf of the Board.
-ends.
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