Miner Nevsun says rejects Lundin, Euro Sun proposal as too low

Euro Sun Mining Incropration

08/05/2018 14:55

VANCOUVER, May 8 (Reuters) - Nevsun Resources  NSU.TO  said
on Tuesday that its board of directors had unanimously rejected
a non-binding, unsolicited takeover proposal from Lundin Mining
Corp  LUN.TO  and Euro Sun Mining  ESM.TO , saying it was too
low and had a "problematic structure". 
    Nevsun said in a statement that the rejection followed an
extensive engagement with fellow Canadian-based miner Lundin
over several months with regard to a possible transaction. 

 (Reporting by Nicole Mordant in Vancouver
Editing by Chizu Nomiyama)
 ((nicole.mordant@thomsonreuters.com; +1-778-374-3854; Reuters
Messaging: nicole.mordant.thomsonreuters.com@reuters.net))