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BRIEF-Nevsun Says It Has Not Received Additional Information On Proposed Offer By Lundin

Published 2018-07-17, 07:22 a/m
© Reuters.  BRIEF-Nevsun Says It Has Not Received Additional Information On Proposed Offer By Lundin
NSU
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July 17 (Reuters) - Nevsun Resources Ltd NSU.TO :

* NEVSUN RECOMMENDS SHAREHOLDERS TAKE NO ACTION IN RESPONSE TO LUNDIN MINING'S ANNOUNCEMENT

* NEVSUN RESOURCES LTD SAYS NO FORMAL OFFER HAS YET BEEN MADE BY LUNDIN

* NEVSUN RESOURCES - CONFIRMS IT HAS NOT RECEIVED ADDITIONAL INFORMATION ON PROPOSED OFFER BY LUNDIN OTHER THAN WHAT WAS PUBLICLY DISCLOSED ON JULY 16

* NEVSUN RESOURCES SAYS LUNDIN PREVIOUSLY MADE CONDITIONAL CONFIDENTIAL NON-BINDING OFFERS TO CO BUT "HAS NEVER PRESENTED A BINDING OFFER"

* NEVSUN RESOURCES - IF LUNDIN MAKES FORMAL OFFER ON JULY 27, NEVSUN SHAREHOLDERS WOULD HAVE MINIMUM OF 105 DAYS, OR UNTIL NOV 9, 2018, TO RESPOND

* NEVSUN RESOURCES SAYS COMPANY HAS "OPENLY AND CONTINUALLY ENGAGED WITH LUNDIN"

* NEVSUN RESOURCES - CO'S BOARD REMAINS "OPEN TO ANY TRANSACTION THAT IS IN BEST INTEREST OF COMPANY"

* NEVSUN RESOURCES LTD - LAST LUNDIN EOI DATED JULY 3, "REAFFIRMED ITS INTEREST IN PURSUING A TRANSACTION AT C$5.00/NEVSUN SHARE"

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