MARKET RELEASE 23rd October 2014
Response to AFR Article today
An article that appeared in Australian Financial Review today made some comments that were fabricated and untrue.
The article said that:
1. AFR Claim: CuDeco had rejected a handful of offers of convertible notes from US Hedge
Funds.
2. AFR Claim: CuDeco as at June 30th 2014 "had A$9.6m in the bank and had spent
$US45m of a $US65m Bank Facility
3. AFR Claim: CuDeco was looking at a Hong Kong and or Singapore listing.
CuDeco has on numerous occasions advised shareholders over the past 5 years of a possible dual ASX/HKEX listing in HK. The company has never discussed the possibility of a listing in Singapore.
It appears that the press can publish misleading information that may effect the market without any fear of regulatory intervention.
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Board of Director
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