A$32m Share Placement
On 8 December 2011, CuDeco announced a Share Placement Agreement principally with M&G Investments proposing a capital raising of 8 million shares at A$4.00 per share to raise A$32 million.
Net funds raised pursuant to the placement were used for the construction and fabrication of the Rocklands Copper/Gold/Cobolt Project, located at the regional township of Conclurry in N.W. Queensland.
Azure was appointed corporate adviser and lead manager to the placement.