Zijin Acquires 276,820,575 Shares of Nevsun, representing approximately 89.37% of the total issued and outstanding Nevsun Shares on a fully diluted basis.
Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) (“Nevsun”) and Zijin Mining Group Co. Ltd.(SH:601899, SEHK:2899) (“Zijin”) announces that Zijin has been successful in its offer to purchase all of the issued and outstanding Nevsun common shares for C$6.00 per share (the “Offer”). Continue reading Zijin Mining Succeeds Acquiring Nevsun
Shares of Nevsun Resources Ltd. reached a 52-week high of $5.97 today after Zijin completed both Chinese (SAFE) and Canadian (ICA) gov’t regulatory approvals to proceed with its proposed $1.41 billion takeover bid of Nevsun.
Canada’s Nevsun Resources (TSX, NYSEMKT:NSU) that Zijin Mining had received approval from Chinese and Canadian authorities for its proposed friendly $1.41 billion-takeover bid of the Vancouver-based miner. said Tuesday Continue reading China’s Zijin Clears Last Regulatory Condition for $1.41B Nevsun Takeover
Spurred on by the developments in Eritrea and at its flagship Timok Project in Serbia, Nevsun’s takeover battle is heating up that will likely culminate in a sale by year-end. (Photo: Martin Zimmermann)
MATT GEIGER | SEEKING ALPHA
Nevsun (NYSEMKT:NSU) has been a standout performer in what has been a disappointing year for the mining industry. This was long overdue for a company that has lagged its base metal peers for much of the past three years. Continue reading Nevsun Takeover Battle Heating Up
Nevsun Resources hits back at unsolicited C$1.5b takeover bid from Euro Sun Mining and Lundin Mining saying it contains “serious deficiencies” and is “fundamentally uncertain”. So, what is next?
PETER ARENDAS | SEEKING ALPHA
Yesterday, Lundin Mining (OTCPK:LUNMF) and Euro Sun Mining (OTCPK:CPNFF) that they submitted a proposal to acquire Nevsun Resources (NSU) for announced C$1.5 billion ($1.156 billion), however, this offer was by Nevsun’s management. rejected Continue reading Nevsun Rejects a Takeover Offer, Is a Hostile Attempt Next?
Nevsun rebuffs Lundin’s takeover offer. The Timok upper zone Net Present Value alone (at 8% discount rate) is US$1.5 billion. This is without adding the massive Bisha copper-zinc mine. (Photo: Martin Zimmermann)
Canadian miners Lundin Mining Corp and Euro Sun Mining Inc disclosed on Monday an offer made earlier to buy base metals company Nevsun Resources Ltd, which rejected the C$1.5 billion ($1.16 billion) proposal. Continue reading Nevsun Resources Rejects $1.16b Takeover Offer