CUDECO ENTERS INTO AGREEMENTS FOR A
$39,250,000 CAPITAL RAISING
IN CUDECO LTD
CuDeco Ltd is pleased to announce that it has entered into two agreements.
The first agreement is with one of our cornerstone investor Hong Kong company, China Oceanwide International Investments Co Ltd formally Oceanwide International Resource Investment Co Ltd. The agreements provides for the issuance of 5,000,000 fully paid shares @ $3.45c per share.
The second agreement is with CuDeco’s mineral processing componentry supplier, China State owned, Sinosteel Equipment and Engineering Co.Ltd. The agreement provides for the issuance of 6,376,811 fully paid shares @ $3.45 per share to Sinosteel. The issuance of shares to Sinosteel will be included as payments due and payable under the procurement agreement for the Rocklands Group Copper Project’s mineral processing plant, equipment, construction and erection, and is subject to FIRB.
The total combined consideration is $39,250,000
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