CuDeco Limited Undertakes Private Placement The Directors are pleased to announce that CuDeco Limited (“CuDeco”) is undertaking a placement of up to 6,976,674 ordinary shares (“New Shares”) at $4.30 to raise up to $30 Million before expenses of the issue. CuDeco recognizes the stability that comes from a globally diversified share register and is delighted by the strong support received for the placement from a large number of existing and new North American, European, Australian and Asian institutional investors. The funds raised from the placement will be utilized to assist in funding the development of CuDeco’s Rocklands Group Copper Project located in North-West Queensland, Australia. The placement comprises a Private Placement of 2,976,744 ordinary shares (“New Shares”) to offshore institutional investors at $4.30 raising a total of $12.8 Million, and a Public Offer under a prospectus to be lodged with ASIC on 14 November 2012 by the Company to sophisticated investors and other exempt persons. The Public Offer will be for up to a further 3,999,930 ordinary shares at $4.30 to raise up to $17.2 Million. The allotment of shares under the Private Placement and Public Offer is expected to be completed by 30 November 2012. Casimir Capital L.P. is acting as sole Global Lead Manager for the Private Placement. Azure Capital Limited is also acting as Lead Manager to the placement. The placement will be made in accordance with CuDeco’s available 15 percent placement capacity pursuant to ASX Listing Rule 7.1 and the New Shares will rank equally with CuDeco’s existing ordinary shares. Yours faithfully Wayne McCrae
CDU Price at posting:
$4.67 Sentiment: Sell Disclosure: Not Held
