News: NZC Nzuri Copper Enters Scheme Implementation Deed With Chengtun Mining Group Unit

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