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BRIEF-Zijin Mining Acquires An Additional 3.07 pct Of Nevsun Resources

Published 2019-01-07, 10:13 p/m
© Reuters.  BRIEF-Zijin Mining Acquires An Additional 3.07 pct Of Nevsun Resources
NSU
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Jan 7 (Reuters) - Nevsun Resources Ltd NSU.TO :

* ZIJIN MINING ACQUIRES AN ADDITIONAL 3.07% OF NEVSUN RESOURCES

* NEVSUN RESOURCES -ZIJIN, THROUGH SUBSIDIARY, HAS TAKEN UP ALL ADDITIONAL SHARES; WILL PAY DEPOSITARY CONSIDERATION OF $57.2 MILLION FOR ADDITIONAL SHARES

* AS OFFER HAS NOW EXPIRED, ZIJIN INTENDS TO ACQUIRE BALANCE OF NEVSUN SHARES BY WAY OF COMPULSORY ACQUISITION

* NEVSUN RESOURCES - ZIJIN INTENDS TO APPLY TO DE-LIST NEVSUN SHARES FROM TORONTO STOCK EXCHANGE AND NEW YORK STOCK EXCHANGE EFFECTIVE ON COMPLETION OF ACQUISITION

* ZIJIN INTENDS TO CAUSE NEVSUN TO CEASE TO BE A REPORTING ISSUER UNDER SECURITIES LAWS OF EACH PROVINCE OF CANADA

* ZIJIN WILL OWN APPROXIMATELY 92.44% OF TOTAL ISSUED AND OUTSTANDING SHARES OF NEVSUN

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