NZC 3.57% 27.0¢ nzuri copper limited

Feb 27 (Reuters) - Nzuri Copper Ltd (NZC) : ENTERED SCHEME...

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    Feb 27 (Reuters) - Nzuri Copper Ltd (NZC) :

    • ENTERED SCHEME IMPLEMENTATION DEED WITH CHENGTUN MINING GROUP UNIT FOR ACQUISITION OF NZURI
    • DIRECTORS RECOMMEND PROPOSED TRANSACTION WITH ALL-CASH CONSIDERATION OF $0.37 CASH PER SHARE
    • DIRECTORS OF NZURI UNANIMOUSLY RECOMMEND THAT NZURI SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    • NZURI COPPER - CHENGTUN UNIT ALSO AGREED TO PROVIDE NZURI WITH INTERIM FUNDING BY WAY OF A SECURED LOAN, IN AMOUNT OF UP TO A$5 MILLION
 
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Currently unlisted public company.

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