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NZURI COPPER LIMITED (NZC)

Delisted from ASX 12/03/2020

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 FROMTO
NZURI COPPER LIMITED07/02/2017
REGAL RESOURCES LIMITED07/02/2017

Shareholder links

Our website ranking of NZC: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Advanced Share Registry Services, 110 Stirling Hwy, Nedlands WA 6009
Tel : +61 8 9389 8033
Fax : +61 8 9262 3723
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000NZC9
Address: Unit 13, 100 Railway Road Daglish Perth WA 6008
Tel:  +61 (0)8 6424 8100 Fax: +61 (0)8 9240 2005

Date first listed: 28/06/2005
Company Secretary: Anthony Begovich
Sector: Materials
Industry Group: XMJ
Activities: Acquisition and development of mineral projects that are considered to be prospective for gold, nickel and other minerals - the company has acquired control of a significant tenement portfolio focussed on Laverton in Western Australia
OFX Transferring Money Internationally to Free

delisted from the close of trading on Thursday, 12 March 2020, pursuant to Listing rule 17.11.

12/03/2020

we understand Xuchen International Limited, a subsidiary of Chengtun Mining Group Co., Ltd was successful with an offer of $0.37 cash per NZC share

12/03/2020

The scheme of arrangement between Nzuri and its shareholders that was approved by Nzuri shareholders on 19 August 2019, ratified by Nzuri shareholders on 20 February 2020, and approved by the Supreme Court of Western Australia on 27 February 2020 was implemented today. Nzuri shareholders have today been paid the scheme consideration of $0.37 for each Nzuri share held at 5pm (WST) on 4 March 2020.

11/03/2020

The securities of Nzuri Copper Limited 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.

28/02/2020

The suspension of trading in the securities of Nzuri Copper Limited will be lifted immediately, following the release by NZC of an announcement regarding a funding and scheme update.

09/12/2019

Nzuri has agreed to extend the 'end date' for the Scheme as requested by Xuchen, to 31 March 2020. A key reason for Nzuri agreeing to this extension was Xuchen's agreement to amend its existing secured loan facility agreement with Nzuri. The next Court hearing for this matter is listed for 10.30am (AWST) on 13 December 2019 at the Supreme Court of Western Australia. At this hearing, Nzuri intends to seek an adjournment until on or about 3 February 2020. In light of the delay to the timetable, In light of the delay to the timetable, Nzuri requested additional information be provided by Xuchen to provide Nzuri with comfort that Xuchen will be in a position to complete the Scheme in accordance with the revised timetable. Nzuri has received a copy of a stamped letter from Chengtun Mining Group confirming that it has the financial ability to make the undertakings.

09/12/2019

Nzuri requests the suspension remain in place until Nzuri makes an announcement to the market regarding the status of the scheme, which it expects to make by Friday, 6 December 2019.

04/12/2019

The company releases the results of its meeting.

29/11/2019

The company requests an extension of the suspension of its securities pending the release of an announcement regarding the status of the proposed scheme of arrangement, which the company expects to make by 3 December 2019.

26/11/2019

PRC Regulatory Approval has not yet been received by Xuchen. Nzuri has also been advised by Xuchen that for commercial reasons, its preference is to fund the Scheme consideration by way of a third-party loan, which remains subject to the receipt of certain Chinese provincial government approvals. These approvals are expected to be taken between one to two months to be received. Xuchen has requested for the 'end date' for the Scheme to be delayed from 26 November 2019 to 31 March 2020, with the Approval Hearing to be on or about 3 February 2020, and implementation of the Scheme to occur on or about 14 February 2020. Nzuri remains in negotiations with Xuchen for the extension of the timetable as requested by Xuchen, as well as the provision of additional loan funding by Xuchen to Nzuri to accommodate the further delay. Nzuri requested the Court adjourn the Approval Hearing. The Court made orders adjourning the Approval Hearing until 10.30am (WST) on Friday, 13 December 2019.

26/11/2019

The securities of Nzuri Copper Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NZC, pending the release of an announcement regarding the status of the proposed scheme of arrangement.

19/11/2019

The securities of Nzuri Copper Limited will be reinstated to official quotation immediately following the release of an announcement.

16/10/2017

The company releases a presentation for the 121 Conference in Hong Kong.

16/10/2017

The feasibility study for the porposed Stage 1 development of its flagship 85%-owned Kalongwe Copper-Cobalt Project has been completed, with the results confirming the project's strong financial and technical merits and highlighting the potential for a rapid pathway to production and cash flow.

16/10/2017

The securities of Nzuri Copper Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

10/10/2017

name changed from Regal Resources Limited

07/02/2017

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

    rss feeds

    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    21/06/2018Tom Borman100,000$0.258$25,750
    25/10/2017Mark Arnesen300,000$0.166$49,686
    09/06/2017Mark Arnesen100,000$0.170$17,030
    18/05/2017Mark Arnesen36,162$0.200$7,232
    10/05/2017Adam Smits50,000$0.221$11,033

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Anthony BegovichCFO01/11/2016
    Kai FengDirector11/03/2020
    Xianjin ZhouDirector11/03/2020
    Junyong ZhouDirector11/03/2020

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Tom BormanNon Exec Chairman01/03/201811/03/2020
    Ean AlexanderNon Exec Director03/04/201811/03/2020
    Hongliang ChenNon Exec Director01/02/201811/03/2020
    Peter RuxtonNon Exec Director17/02/201511/03/2020
    Adam SmitsExecutive Director, COO14/11/201611/03/2020
    Mark ArnesenExecutive Director, CEO12/08/201611/03/2020
    John HodderNon Exec Director07/03/201607/12/2016
    Simon DorlingNon Exec Director16/08/201225/11/2016
    Patrick HolywellCFO02/10/201501/11/2016
    David YoungNon Exec Director16/08/201228/07/2016
    Mark SavichNon Exec Chairman04/07/201419/01/2016
    Rohan GillespieChairman16/06/200909/06/2015
    Angus EdgarExecutive Director20/03/200909/06/2015
    Bretton CooperNon Exec Director16/06/200922/08/2012

    Date of first appointment, title may have changed.