• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • WORLD EDITION
      Australia
      North America
      World
    Login

    Investing News NetworkYour trusted source for investing success

    • WORLD EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    Zijin Mining Acquires An Additional 3.07 Percent of Nevsun Resources

    Scott Tibballs
    Jan. 08, 2019 10:36AM PST
    Base Metals Investing

    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approximately 3.07 percent of all issued and outstanding Nevsun Shares, have been deposited under the offer and not withdrawn during the extension period.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.

    hkex:2899nevsun resourcescanadazijin miningcopper investing
    The Conversation (0)
    Go Deeper
    AI Powered
    Two people shaking hands in office with city skyline view.

    Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

    Lithium-ion battery beside globe.

    Zijin Mining in Talks to Acquire Stake in US$6.4 Billion Chinese Lithium Miner

    Latest News

    Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

    Music Well Heritage Protection Agreement Signed

    Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico

    HyProMag USA Enters Into Agreement with Global Electronics Recycler, Intelligent Lifecycle Solutions, for Feedstock Supply and Pre-Processing Site Share in South Carolina and Nevada

    FPX Nickel Provides Update on Normal Course Issuer Bid

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Blackstone Minerals

     
    BSX:AU

    Osisko Metals: Pure Potential

     
    OM:CA

    Los Andes Copper

     
    LA:CA

    Questcorp Mining

     
    QQQ:CC

    Cygnus Metals

     
    CYG:CC

    Redstone Resources

     
    RDS:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×