CuDeco Limited (ASX:CDU) announced that it has entered into two convertible loan agreements for gross proceeds of $15,000,000 on December 14, 2017. The transaction included participation from returning investor Valuestone Global Resources Fund I; a fund managed by Jiangxi Copper Company Limited, Investment Arm for $5,000,000 and GuoYi Holdings (BVI) Limited for $10,000,000. The maturity term of the notes is 24 months after closing of the transaction. The loans may be repaid via the issue of convertible notes with a face value of $0.50 each, subject to shareholder approval which must be secured prior to February 28, 2018, or such other time as the parties may agree. If repayment is satisfied with the issue of convertible notes, the notes will be for a term of 24 months and may be converted into shares at any time at a conversion price of AUD 0.50 ($0.38) per share. The company also issued 200,000 free options each with an exercise price of $0.8 and expiring 24 months from the date of issue of securities. The options are freely transferable.