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BRIEF-Nevsun considers all options after Lundin hostile bid - CEO

Published 2018-07-27, 11:49 a/m
© Reuters.  BRIEF-Nevsun considers all options after Lundin hostile bid - CEO
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July 27 (Reuters) -

* NEVSUN RESOURCES LTD NSU.TO CEO SAYS COMPANY WAS SURPRISED BY LUNDIN MINING'S HOSTILE LUN.TO C$4.75 A SHARE CASH OFFER

* NEVSUN HAD ENGAGED WITH EURO SUN MINING ESM.TO , PARTNER ON LUNDIN'S PREVIOUS BID, OPENED ITS DATA ROOM - CEO PETER KUKIELSKI

* NEVSUN NOT LOOKING AT STREAM FINANCING FOR ITS TIMOK PROJECT IN SERBIA - CHIEF FINANCIAL OFFICER RYAN MACWILLIAM

* NEVSUN'S TIMOK FINANCING 4 LEGS: CURRENT CASH BALANCE OF $125 MILLION, BISHA MINE CASH FLOWS, POTENTIAL STRATEGIC INVESTOR, TRADITIONAL PROJECT FINANCE FACILITY - CFO

* NEVSUN BOARD CONSIDERING "ALL OPTIONS TO MAXIMIZE VALUE" TO SHAREHOLDERS AS IT READIES RESPONSE TO LUNDIN BID IN NEXT 14 DAYS - CEO

* NEVSUN SAYS "SEVERAL" POTENTIAL STRATEGIC PARTNERS IN FINAL STAGES OF DUE DILIGENCE - CFO

* NEVSUN EXPECTS TO FUND 50-60 PERCENT OF TIMOK PROJECT CAPITAL FROM TRADITIONAL PROJECT FINANCE FACILITY, TALKS WITH BANKS, EXPORT CREDIT AGENCIES CONTINUING - CFO

* NEVSUN "CONSISTENTLY ENGAGED" WITH TIMOK LOWER ZONE DEPOSIT JV PARTNER FREEPORT-MCMORAN FCX.N ON NEXT STEPS - CEO

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