By Devika Patel
Knoxville, Tenn., Feb. 4 - Nevsun Resources Ltd. said it will raise C$117 million in a non-brokered private placement of stock.
The company will sell 52 million common shares at C$2.25 per share.
Settlement is expected on Feb. 19.
Proceeds will be used for general working capital purposes.
Based in Vancouver, B.C., Nevsun is a gold, copper and zinc exploration company.
| Issuer: | Nevsun Resources Ltd.
|
| Issue: | Common stock
|
| Amount: | C$117 million
|
| Shares: | 52 million
|
| Price: | C$2.25
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Feb. 4
|
| Settlement date: | Feb. 19
|
| Stock symbol: | Toronto: NSU
|
| Stock price: | C$2.12 at close Feb. 3
|
| Market capitalization: | C$315 million
|
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