Nzuri Copper Limited

Equities

NZC

AU000000NZC9

End-of-day quote Australian S.E. Other stock markets			5-day change	1st Jan Change
- ^AUD	-.--%		-0.68%	+25.86%

2020	Nzuri Copper Limited Announces Board Changes	CI
2020	Xuchen International Co., Ltd. completed the acquisition of Nzuri Copper Limited from Ndovu Capital VI B.V., La Generale Industrielle et Commerciale au Congo SPRL, Huayou International Mining (Hong Kong) Limited, Tembo Capital Management Ltd, Zhejiang Huayou Cobalt Co., Ltd and others.	CI

Nzuri Copper : Scheme Update and Amended Timetable

October 29, 2019 at 12:27 am EDT

29 October 2019

ASX: NZC

SCHEME UPDATE AND AMENDED TIMETABLE

Nzuri Copper Limited (Nzuri or the Company) (ASX: NZC) refers to its proposed scheme of arrangement

(Scheme) pursuant to which all of the issued capital in Nzuri is proposed to be acquired by Xuchen International Limited (Xuchen), a subsidiary of Chengtun Mining Co., Ltd.

As previously advised to shareholders, the Scheme remains subject to regulatory approval being received in the People's Republic of China. Please refer to Nzuri's announcement of 24 October 2019 for further information regarding the status of this condition precedent.

In light of the remaining conditions precedent, Nzuri requested the Supreme Court of Western Australia (Court) adjourn the Court hearing for the approval of the Scheme (Approval Hearing). The Court today made orders adjourning the Approval Hearing until 8.30am (WST) on Monday, 18 November 2019.

The updated indicative timetable for the Scheme is as follows:

Approval Hearing	Monday, 18 November 2019

Effective Date	Tuesday, 19 November 2019
Last day of trading in Nzuri shares on ASX

Record Date for determining entitlements to the Scheme consideration	Wednesday, 22 November 2019

Implementation Date for the Scheme	Thursday, 29 November 2019
Payment of the Scheme consideration to Nzuri shareholders

The above dates are indicative only. The conditions precedent to the Scheme must be either satisfied or waived prior to the Approval Hearing. Any changes to the above timetable will be announced through ASX and notified on the Nzuri website.

END

For further information please contact:

Mark Arnesen	Hannah Hudson	Nicholas Read
CEO/Executive Director	CFO/Company Secretary	Investor Relations - Read Corporate
T: +61 (0)8 6424 8100	T: +61 (0)8 6424 8100	T: (+61-8)9388-1474
E: info@nzuricopper.com.au	E: info@nzuricopper.com.au	E: info@readcorporate.com.au

Attachments

Original document
Permalink

Disclaimer

Nzuri Copper Limited published this content on 29 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2019 04:26:02 UTC

Latest news about Nzuri Copper Limited

Nzuri Copper Limited Announces Board Changes	20-03-11	CI
Xuchen International Co., Ltd. completed the acquisition of Nzuri Copper Limited from Ndovu Capital VI B.V., La Generale Industrielle et Commerciale au Congo SPRL, Huayou International Mining (Hong Kong) Limited, Tembo Capital Management Ltd, Zhejiang Huayou Cobalt Co., Ltd and others.	20-03-10	CI
Regal Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2019	19-09-29	CI
Nzuri Copper Limited Reports Earnings Results for the Half Year Ended December 31, 2018	19-03-15	CI
Xuchen International Co., Ltd. entered into a scheme implementation deed to acquire Nzuri Copper Limited from Ndovu Capital VI B.V., La Generale Industrielle et Commerciale au Congo SPRL, Huayou International Mining (Hong Kong) Limited, Tembo Capital Management Ltd, Zhejiang Huayou Cobalt Co., Ltd and others for approximately AUD 110 million.	19-02-26	CI
Nzuri Copper Limited Announces Exploration Update	19-01-20	CI
Nzuri Copper Limited Announces the Near-Mine Exploration at Its Kalongwe Copper-Cobalt Project	18-10-02	CI
Nzuri Copper Limited Reports Audited Consolidated and Parent Company Earnings Results Year Ended June 30, 2018	18-09-30	CI
Nzuri Copper Limited Announces Management Changes	18-07-01	CI
Nzuri Copper Limited Announces Significant New Drilling and Trenching Results from Its Ongoing Exploration Program on the Kalongwe Mining Licence at Its 85%-Owned Kalongwe Copper-Cobalt Project	18-06-20	CI
Nzuri Copper Limited announced that it has received AUD 6 million in funding from Huayou International Mining (Hong Kong) Limited, Tembo Capital Management Ltd, and other investors	18-06-06	CI
Nzuri Copper Limited announced that it expects to receive AUD 5.99 million in funding from Huayou International Mining (Hong Kong) Limited, Tembo Capital Management Ltd	18-05-29	CI
Nzuri Copper Limited Completes an Updated Feasibility Study for the Proposed Stage 1 Development of Its 85%-Owned Kalongwe Copper-Cobalt Project	18-04-15	CI
Nzuri Copper Appoints Ean Alexander as Non-Executive Director	18-04-02	CI
Nzuri Copper Limited Announces 2018 Exploration Program as Drilling Commences At New High-Grade Cobalt Target	18-04-02	CI
Nzuri Copper Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2017	18-03-12	CI
Nzuri Copper Limited Announces Board Changes	18-02-28	CI
Nzuri Copper Limited Names Mr. Hongliang Chen as Non-Executive Director, with Effect from 1 February 2018	18-01-29	CI
Nzuri Copper Limited Provides an Update on Its Ongoing Exploration Program Within the Fold & Thrust Belt JV	18-01-21	CI
Nzuri Copper Limited Announces Contracts to Advance Development and Optimization Studies	18-01-15	CI
Nzuri Copper Limited announced that it has received AUD 10 million in funding from Huayou International Mining (Hong Kong) Limited	18-01-08	CI
Nzuri Copper Limited announced that it expects to receive AUD 10 million in funding from Huayou International Mining (Hong Kong) Limited	17-12-12	CI
Nzuri Copper Limited Provides Exploration Update at Kasangasi and Monwezi West	17-10-16	CI
Nzuri Copper Limited Reports Audited Consolidated and Parent Company Earnings Results Year Ended June 30, 2017	17-09-29	CI
Nzuri Copper Limited Commences a Major High- Resolution Aeromagnetic Survey over its Entire 342km2 Fold Thrust Belt JV Exploration Project	17-09-26	CI

Chart Nzuri Copper Limited

Duration

Period

More charts

Company Profile

Nzuri Copper Limited, formerly Regal Resources Limited, is an Australia-based minerals company. The Company is focused on the identification, acquisition, development and operation of high grade copper and cobalt projects in the Katangan Copperbelt of the Democratic Republic of the Congo (DRC). The Company's project is Kalongwe Copper-Cobalt deposit (Kalongwe project), which is located in the Lualaba Province of the DRC and is situated towards the western end of the Central African Copperbelt. Kalongwe hosts a near-surface Joint Ore Reserves Committee (JORC) resource of approximately 302,000 tons contained copper and over 42,000 tons contained cobalt as predominantly oxide ore. The Company manages the Fold and Thrust Belt Joint Venture (FTBJV), which covers an area of the western Lufilian Arc. FTBJV covers an area of approximately 350 square kilometers in a highly prospective part of the western Katangan Copperbelt. It hosts various targets on the prospective Mine Series rocks.

Sector

More about the company