News: CDU Cudeco To Undertake Rights Issue In 1H 19 To Raise Between $12 Mln & $20 Mln

Nov 16 (Reuters) - CuDECO Ltd (CDU) :

• 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

Source text (http//reut.rs/2PAdPI3)

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