Nevsun rejects $1.5B Euro Sun, Lundin Mining proposal

摘要

NSU; NYSE-AM: NSU) is rejecting an unsolicited proposal by Euro Sun Mining (TSX: ESM) and Lundin Mining (TSX: LUN) that it says lacks adequate value and has a problematic structure. The mining company argues the cash-and-share proposal undervalues its high-grade, copper-gold Timok project in Serbia and overvalues Euro Sun's Rovina Valley gold-copper porphyry project in Romania.