News: NZC Nzuri Copper to raise about $4.78 million through a placement of about 21.1 mln shares

March 16 (Reuters) - Nzuri Copper Ltd (NZC) :

• Received binding commitments to raise about $4.78 million through a placement of about 21.1 million shares
• Funds raised to primarily be applied to completing dfs for kalongwe project
• Tembo capital mining fund lp has committed to convert its us$3 million convertible loan, plus interest, in full