Categories Earnings, Other Industries

Chinese giant Zijin Mining buys rest of Nevsun Resources

Chinese exploration giant Zijin Mining (Shanghai:601899) (Hong Kong:2899) on Friday announced that it would buy all issued and outstanding shares of Nevsun Resources (NSU) in what both companies term as a “compulsory acquisition.”

As per the terms of the deal, all remaining Nevsun shareholders would receive consideration of 6 Canadian dollars (CAD) per share.

Zijin Mining Announces Compulsory Acquisition of Remaining Nevsun Resources Shares
Zijin is among China’s largest gold producers — it owns nearly 20 gold mines. (Courtesy: Zijin Mining)

“In order to receive payment for their Nevsun Shares, Remaining Shareholders must submit the letter of transmittal circulated with the Notice of Compulsory Acquisition along with all certificate(s) and/or DRS Statement(s) representing their Nevsun Shares to Computershare Trust Company of Canada. The Offeror intends to pay the cash consideration for the remaining Nevsun Shares on or about March 12, 2019. Remaining Shareholders are requested to complete and return the letter of transmittal before March 12, 2019,” read a Nevsun letter to shareholders.

Nevsun shares are expected to be delisted from the Toronto Stock Exchange and the New York Stock Exchange on or about March 8, 2019.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Walgreens Boots Alliance set to report earnings next week. Here’s what to expect

Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the drug store chain that is expanding into a diversified healthcare provider, is on a restructuring drive aimed at better aligning the business with

Comments

  1. Pingback: Career services
  2. Pingback: Fiverr Earn
  3. Pingback: Fiverr Earn
  4. Pingback: Fiverr Earn
  5. Pingback: Fiverr Earn
  6. Pingback: Fiverr Earn
  7. Pingback: Fiverr Earn
  8. Pingback: fiverrearn.com
  9. Pingback: fiverrearn.com
  10. Pingback: TLI
  11. Pingback: fiverrearn.com
  12. Pingback: fiverrearn.com
  13. Pingback: fiverrearn.com
  14. Pingback: french bulldog
  15. Pingback: fiverrearn.com
  16. Pingback: fiverrearn.com
  17. Pingback: micro bully
  18. Pingback: jute vs sisal rug
  19. Pingback: clima hoy new york
  20. Pingback: future university
  21. Pingback: future university
  22. Pingback: future university
  23. Pingback: future university
  24. Pingback: future university
  25. Pingback: frenchie puppies
  26. Pingback: french bulldog
  27. Pingback: lean six sigma
  28. Pingback: Commercial moving
  29. Pingback: where is bali
  30. Pingback: Classic Books 500
  31. Pingback: FiverrEarn
  32. Pingback: Streamer
  33. Pingback: FiverrEarn
  34. Pingback: FiverrEarn
  35. Pingback: FiverrEarn
  36. Pingback: Aussie camgirls
  37. Pingback: pupuk cair terbaik
  38. Pingback: partners
  39. Pingback: Globalization
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: live sex cams
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: diamond
  53. Pingback: Kuliah Termurah
  54. Pingback: FiverrEarn
  55. Pingback: serolean legit
  56. Pingback: cheap sex cams
  57. Pingback: fullersears.com
  58. Pingback: french bulldog buy
  59. Pingback: live sex cams
  60. Pingback: live sex cams
  61. Pingback: live sex cams
  62. Pingback: frt trigger
  63. Pingback: abogado fiscal
  64. Pingback: 늑대닷컴
  65. Pingback: Bonus deposit
  66. Pingback: superslot
  67. Pingback: allgame
  68. Pingback: 918kiss
  69. Pingback: หวย24
  70. Pingback: Cosmetics
  71. Pingback: pg slot
  72. Pingback: electronic visa
  73. Pingback: weight loss drops
  74. Pingback: weight loss
  75. Pingback: 6mm arc ammo
  76. Pingback: 17 wsm
  77. Pingback: itsMasum.Com
  78. Pingback: itsMasum.Com
  79. Pingback: itsMasum.Com
  80. Pingback: nang tanks
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top