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BRIEF-Lundin Mining Commences All Cash Offer To Acquire Nevsun

Published 2018-07-26, 02:39 a/m
© Reuters.  BRIEF-Lundin Mining Commences All Cash Offer To Acquire Nevsun
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July 26 (Reuters) - Lundin Mining Corp LUN.TO :

* LUNDIN MINING COMMENCES ALL CASH OFFER TO ACQUIRE NEVSUN

* UNDER THE TERMS OF THE OFFER, NEVSUN SHAREHOLDERS WILL RECEIVE C$4.75 IN CASH FOR EACH NEVSUN SHARE TENDERED TO THE OFFER

* OFFER REPRESENTS A SIGNIFICANT PREMIUM OF 82% TO THE CLOSING PRICE OF C$2.61 PER NEVSUN SHARE ON THE TSX AS OF FEBRUARY 6, 2018

* LUNDIN MINING-TO MAIL OFFER, CIRCULAR, RELATED DOCUMENTS TO NEVSUN'S SECURITYHOLDERS AS SOON AS PRACTICABLE FOLLOWING RECEIPT OF THIS INFORMATION

* SAYS OFFER IS OPEN FOR ACCEPTANCE UNTIL 5:00 P.M. (TORONTO TIME) ON NOVEMBER 9, 2018

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