CuDeco will raise $32 million for its Rocklands copper project in a share placement agreement with UK-based M&G Investments, the company announced today.
Advises that 750,000 shares previously issued in December 2005 as vendor consideration will be released from a voluntary escrow arrangement on 14 December 2006.
Shares in CuDeco Ltd - the company formerly known as Australian Mining Investments - plunged more than 55 per cent following an update on the mining explorer's Rocklands copper project.
