Nevsun Resources Ltd.: Work to Resume in Eritrea.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Nevsun Resources Ltd (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :NSU NSU Nonspecific urethritis, see there )(AMEX AMEX See: American Stock Exchange :NSU) is pleased to report that during a consultation meeting with the Minister of Energy and Mines held in Asmara the Company has been granted permission to resume work on its exploration portfolio in Eritrea. The Minister emphasized that the Government of Eritrea wishes to see sustainable long term development of its mining industry. All aspects of the Mining Proclamation and applicable laws have been thoroughly reviewed over the last few months in order to ensure mutual benefit to the State of Eritrea and its exploration and development partners as successful exploration projects progress into mining operations. The Government of Eritrea has notified the Company that it may alter its option to purchase a contributing equity interest from a maximum of 20% to 30%. All other provisions of the Proclamation are expected to remain unchanged. The government's free carried interest provided in the Proclamation is 10%. The President of Nevsun, John Clarke John Clarke may be:
For further details on the Company readers are referred to the Company's web site (www.nevsun.com), Canadian regulatory filings on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review at www.sedar.com and United States regulatory filings on EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. at www.sec.gov. CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS Some of the statements contained in this release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statement. NEVSUN RESOURCES LTD. "John A. Clarke" Dr. John A. Clarke President & Chief Executive Officer Nevsun Resources Ltd. (TSX:NSU) (AMEX:NSU) |
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