Nzuri Copper Limited (ASX: NZC) - Suspension from Official Quotation
Description
The securities of Nzuri Copper Limited ('NZC') will be suspended from quotation at the close of trading today, Friday, 28 February 2020, in accordance with Listing Rule 17.2, following lodgement of the Supreme Court of Western Australia orders with the Australian Securities and Investments Commission approving the scheme of arrangement by which Xuchen International Limited, a subsidiary of Chengtun Mining Group Co., Ltd, will acquire all of the issued shares in NZC.
Issued by
Sandra Wutete
Senior Adviser, Listings Compliance (Perth)
28 February 2020
Market Announcement 1/1
ASX Limited
ASX Customer Service Centre 131 279 | asx.com.au
28 February 2020
ASX: NZC
Ms Sandra Wutete
Senior Adviser, Listings Compliance
ASX Compliance Pty Ltd
Level 40, Central Park
152-158 St Georges Terrace
Perth WA 6000
Sent by email:Sandra.Wutete@asx.com.autradinghaltsperth@asx.com.au
Dear Sandra
Nzuri Copper Limited - Request for Suspension of Quotation
Pursuant to ASX Listing Rule 17.2, Nzuri Copper Limited (Nzuri) requests the suspension from official quotation of its ordinary shares, effective from the close of trading today (being 28 February 2020).
The suspension request follows the orders made by the Supreme Court of Western Australia (Orders) on
27 February 2020 approving the scheme of arrangement by which it is proposed that Nzuri will be acquired by Xuchen International Limited, a subsidiary of Chengtun Mining Group Co., Ltd. (Scheme).
Nzuri confirms that it has lodged a copy of the Orders with the Australian Securities and Investments Commission (ASIC) today and the Scheme has become legally effective.
Nzuri provides the following information in accordance with ASX Listing Rule 17.2:
Nzuri requests suspension from official quotation of its securities following lodgement with ASIC of the Orders, to facilitate implementation of the Scheme.
Nzuri requests the suspension of its securities from official quotation continues until Nzuri requests to be removed from the official list of ASX, which is anticipated to occur on or around 12 March 2020, following implementation of the Scheme.
The request for removal from the official list is expected to be made following the implementation of the Scheme, which is expected to occur on 11 March 2020. That request will specify a date shortly thereafter for the removal to take effect.
Nzuri is not aware of any reason why its securities should not be suspended in accordance with this request.
Nzuri is not aware of any other information necessary to inform the market about the suspension. Yours sincerely
[Sent electronically without signature]
Hannah Hudson
Company Secretary & Chief Financial Officer
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Nzuri Copper Limited published this content on 28 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2020 08:43:09 UTC
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.