- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Purpose Bitcoin ETF
Silver47 Exploration
Syntheia
Black Swan Graphene
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Euro Sun Amends its Portion of Proposal to Aquire Nevsun
Euro Sun Mining has reported that the company has amended its portion of the joint proposal with Lundin Mining to acquire Nevsun Resources
Euro Sun Mining (TSX:ESM) has reported that the company has amended its portion of the joint proposal with Lundin Mining (TSX:LUN) to acquire Nevsun Resources (TSX:NSU) to include CA$150 million in cash andCA$150 million in Euro Sun stock.
In early may Euro Sun and Lundin Mining had revealed they were attempting to engage with Nevsun to aquire the Canadian miner and it’s European and African copper assets.
As quoted in the press release:
The company encourages Nevsun’s management and board of directors to engage as it is in the best interests of all stakeholders. The total proposed consideration of CA$5.00 per share for the acquisition of all Nevsun stock includes CA$150M cash from Euro Sun and CA$600M cash from Lundin Mining along with CA$150M in Euro Sun stock and CA$600M in Lundin Mining stock. Euro Sun’s stock portion only represents 10 percent of the total consideration in this proposal.
Click here to view the full Euro Sun Mining (TSX:ESM) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.