Nevsun Resources Ltd. Approves Advance Notice Policy
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/27/13 -- Nevsun
Resources Ltd.'s (TSX:NSU)(NYSE MKT:NSU) ("Nevsun" or the "Company")
board of directors (the "Board of Directors") has approved an advance
notice policy (the "Policy") effective March 19, 2013. The purpose of
the Policy is to provide a clear framework for nominating directors
of the Company which will facilitate an orderly and efficient process
for nomination and election of directors at annual or special general
meetings of shareholders. Among other things, the Policy fixes a
deadline by which holders of record of common shares of the Company
must submit director nominations to the Company prior to any annual
or special general meeting of shareholders and sets forth the
information that a shareholder must include in the notice to the
Company for the notice to be in proper written form.
In the case of an annual general meeting of shareholders, notice to
the Company must be made not less than 40 nor more than 75 days prior
to the date of the annual general meeting; provided, however, that in
the event that the annual general meeting is to be held on a date
that is less than 50 days after the date on which the first public
announcement of the date of the annual general meeting was made,
notice may be made not later than the close of business on the 10th
day following such public announcement.
In the case of a special general meeting of shareholders (which is
not also an annual general meeting), notice to the Company must be
made no later than the close of business on the 15th day following
the day on which the first public announcement of the date of the
special general meeting was made. The Policy provides that the Board
of Directors may, in its sole discretion, waive any requirement of
The Board of Directors intends to seek shareholder ratification of
the Policy at Nevsun's next annual and special meeting, to be held on
May 14, 2013.
The full text of the Policy is available via SEDAR at www.sedar.com.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is a Vancouver-based mining company with an
operating mine in Eritrea. Nevsun's 60%-owned Bisha Mine commenced
commercial gold production in February 2011 and is scheduled to
transition to copper/gold production in mid-2013. Management expects
the Bisha Mine will rank as one of the highest grade open pit base
metal deposits in the world.
NEVSUN RESOURCES LTD.
Cliff T. Davis President & Chief Executive Officer
604 684 6730 or Toll free: 1 866 684 6730
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