CuDeco Ltd (ASX: CDU)

Course Image

Non-renounceable rights issue to Eligible Shareholders of one New Share for every four Shares held at an issue price of $0.80 per New Share to raise approximately $63.1 million before expenses.

CuDeco Ltd (ASX: CDU) (Copper)

Underwritten Rights Issue -

Underwriter for the Cudeco A$63.1m Fully Underwritten Rights issue.

It is proposed that the funds raised from the Offer be used towards funding the completion of construction and commissioning of the Rocklands Group Copper Project, repaying existing short term shareholder loans and providing working capital (including contingencies) for the business in order to see it through to production.

Summary of Total Offer

Unit Price: A$0.80
Total Units on Offer: ~78 million
Raising: $A63,100,000

Head Broker:

Barry Dawes
+61 2 9222 9111

About this Capital Raising

  • Underwritten Rights Issue
  • May 11, 2016 17:00
  • A63,100,000