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BRIEF-Cudeco To Undertake Rights Issue In 1H 19 To Raise Between $12 Mln & $20 Mln

Published 16/11/2018, 08:46 pm
© Reuters.  BRIEF-Cudeco To Undertake Rights Issue In 1H 19 To Raise Between $12 Mln & $20 Mln
CDU
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Nov 16 (Reuters) - CuDECO Ltd CDU.AX :

* WILL UNDERTAKE A RIGHTS ISSUE IN FIRST HALF OF 2019; EXPECTED THAT CO WILL SEEK TO RAISE BETWEEN $12 MILLION AND $20 MILLION

* HAS AUTHORISED SHARE PLACEMENT FOR UP TO 58.7 MILLION ORDINARY FULLY PAID SHARES AT 20 CENTS PER SHARE TO RAISE ABOUT $11.75 MILLION

* SIGNS TERM SHEET FOR REFINANCING OF EXISTING CONVERTIBLE NOTES WITH VALUESTONE GROUP, TO PROVIDE CO WITH ADDITIONAL $US4 MILLION IN DEC 18

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