Lundin Min­ing takeover of­fer for Nev­sun ex­pires

Stockwatch Daily - - FRONT PAGE - Mr. Mark Turner of Lundin re­ports

LUNDIN MIN­ING Corp.’s pre­vi­ously an­nounced bid for all of the is­sued and out­stand­ing shares of Nev­sun Re­sources Ltd. ex­pired at 5 p.m. to­day in ac­cor­dance with its terms. Lundin Min­ing will not take up any se­cu­ri­ties de­posited un­der the bid and will re­turn such se­cu­ri­ties to the hold­ers.

Lundin Min­ing con­tin­ues to pur­sue strate­gic growth op­por­tu­ni­ties. The com­pany’s port­fo­lio of high­qual­ity, long-life mines en­ables Lundin Min­ing to re­main dis­ci­plined to its in­vest­ment cri­te­ria and rig­or­ous in its al­lo­ca­tion of cap­i­tal to de­liver su­pe­rior share­holder re­turns. The com­pany’s fi­nan­cial strength af­fords Lundin Min­ing sub­stan­tial flex­i­bil­ity to re­spond to ex­ter­nal op­por­tu­ni­ties while ad­vanc­ing high value-add in­ter­nal projects and to un­lock ex­plo­ration po­ten­tial at each of its mines.

About Lundin Min­ing Corp.

Lundin Min­ing is a diver­si­fied Cana­dian base met­als min­ing com­pany with op­er­a­tions in Chile, the United States, Por­tu­gal and Swe­den, pri­mar­ily pro­duc­ing cop­per, nickel and zinc. In ad­di­tion, Lundin Min­ing holds an in­di­rect 24-per-cent eq­uity stake in the Freeport Cobalt Oy busi­ness, which in­cludes a cobalt re­fin­ery lo­cated in Kokkola, Fin­land.

Don­ald Kin­loch Char­ter, Paul Ken­neth Conibear, John Hunter Craig, Peter Clark Jones, Lukas Hen­rik Lundin, Dale Can­field Pe­niuk, Wil­liam Archibald Rand, Cather­ine Jean Gar­rett Ste­fan

(LUN) Shares: 733,493,179

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