rights issue - 3 options

From page 80 and 81 of the quarterly

There are several things you can do;

1. Do nothing; the number of shares you own will remain unchanged, and your rights will lapse and may be issued to the underwriter of the issue.

2. Sell your “rights” on the open market; this transfers your entitlement to buy CuDeco shares at $2.50 and receive a free attaching option to the buyer of your “rights”. As per note 1 above, if you sell your rights on the market, the number of shares you own will remain unchanged.

3. Convert all or some of your rights; by paying $2.50 to the Company for each “right” hold, you will be issued 1 fully paid CuDeco share to add to your current share holdings AND a free attaching “option” to buy further shares in CuDeco at any time over the next 2 years, at a fixed price of $2.50. These “options” will be listed on the ASX and so can be freely bought or sold at any time.