- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- 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
Zijin Mining Acquires An Additional 3.07 Percent of Nevsun Resources
Zijin intends to apply to de-list the Nevsun shares from the Toronto Stock Exchange and the New York Stock Exchange effective on the completion of the compulsory acquisition.
Nevsun Resources (TSX:NSU,NYSEAMERICAN:NSU) and Zijin Mining (SHA:601899,HKEX:2899) have announced that in connection with Zijin’s offer to purchase all of the issued and outstanding common shares of Nevsun for C$6.00 per Nevsun share, an additional 9,526,987 Nevsun shares, representing approximately 3.07 percent of all issued and outstanding Nevsun Shares, have been deposited under the offer and not withdrawn during the extension period.
As quoted in the press release:
As the Offer has now expired, Zijin intends to acquire the balance of the Nevsun shares by way of compulsory acquisition, as more fully described in the offer circular. A notice of compulsory acquisition is expected to be mailed in the coming days to Nevsun shareholders who did not tender their shares to the offer. Shareholders are encouraged to carefully review the notice of compulsory acquisition and complete and return the letter of transmittal, together with the certificates representing their Nevsun shares, in accordance with the instructions included in the notice of compulsory acquisition in order to receive payment for their shares as soon as possible.
Zijin intends to apply to de-list the Nevsun shares from the Toronto Stock Exchange and the New York Stock Exchange effective on the completion of the compulsory acquisition. In addition, on completion of the compulsory acquisition, Zijin intends to cause Nevsun to cease to be a reporting issuer under the securities laws of each province of Canada in which it is a reporting issuer and to cease to have public reporting obligations in any other jurisdiction in which it currently has such obligations.
Click here to read the full Nevsun Resources (TSX:NSU,NYSEAMERICAN:NSU) 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.Â