Announcement in relation to Progress in Acquisition of Nevsun Resources Ltd. by All Cash

Takeover

Reference is made to the Discloseable Transaction - Announcement in relation to Acquisition of Nevsun Resources Ltd. by All Cash Takeover of Zijin Mining Group Co., Ltd.* (the "Company") dated 5 September 2018 (the "Announcement"). Unless otherwise indicated, capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.

On 5 September 2018 (Beijing Time), the Company entered into the Pre-acquisition Agreement with Nevsun Resources Ltd. ("Nevsun") and the Lock-up Agreement with Nevsun's directors and executive officers. The Company proposes to make an all cash takeover of Nevsun at a consideration of CAD $6 per common share. For more details, please refer to the Announcement.

On 15 September 2018 (Beijing Time), the Company issued an offer and take-over circular (the "Circular") to Nevsun's shareholders through an overseas subsidiary and officially launched the all cash takeover of Nevsun. The initial expiry date of the offer is 31 December 2018. The major conditions as stipulated in the Circular include: the offer shall be accepted by at least 66⅔% of the Nevsun's outstanding shares; there is no material adverse effect with respect to Nevsun; approvals shall be granted by the regulatory authorities of Canada and the PRC; etc.

Pursuant to the applicable and relevant securities laws and regulations, the Circular and its attachments were delivered to Nevsun on the same day, and filed with the securities regulatory authorities in Canada and the United States on SEDAR system and EDGAR system respectively.

The Company will make further announcement in accordance with the progress of the all cash takeover.

The success of the offer is subject to uncertainties. Investors should be aware of investment risks.

This announcement is written in both Chinese and English. In the case of any discrepancies, the Chinese version shall prevail over its English version.

Investors and shareholders are advised by the Board to exercise caution when dealing in the securities of the Company.

17 September 2018, Fujian, the PRC

* The Company's English name is for identification purpose only

Attachments

  • Original document
  • Permalink

Disclaimer

Zijin Mining Group Company Ltd. published this content on 17 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 September 2018 14:12:04 UTC