share placement agreement , page-31

Possible buy back aside:

The agreement requires the investor to subscribe for 23.977 Million Shares of new shares in CuDeco Limited at $A3.60 per share or at the weighted average price of the CuDeco share price, for the previous five days of trading prior to completion date, whichever is the lowest price (raising a maximum of approximately $A86.3 Million). Shareholder approval is not required as the issue will be within Cudeco’s 15% capacity. Finalisation of the agreement is subject to their Board Approval which must be in place by 20th November 2011 with settlement and completion no later than 20th December 2011.

Does this mean the number of days to determine the price is 1-19 November i.e. 14 trading days with the days 14 - 18 November the likely last 5 days?