April 24 (Reuters) - Canadian miner Nevsun Resources Ltd
NSU.TO said it has agreed to buy Reservoir Minerals Inc
RMC.V for about $365 million in cash and stock.
Nevsun will pay two shares of Nevsun and $0.001 in cash for
each Reservoir share, the company said on Sunday.
The deal values Reservoir shares at C$9.401 each,
representing a 35 percent premium to its last close, based on
Nevsun stock's Friday closing price.
The deal will allow Reservoir to exercise its right of first
refusal on Freeport-McMoran's FCX.N stake in Timok project,
scuppering Lundin Mining 's LUN.TO previously announced
acquisition of the stake.