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Wednesday, January 2, 2019 - 12:52:04 PM
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Mining News Pro - Chinese gold miner Zijin Mining Group Co Ltd said it plans to sell up to 8-billion yuan ($1.16-billion) worth of new shares in Shanghai to help fund its purchase of Canada`s Nevsun Resources Ltd .
According to Mining News Pro - Zijin aims to sell up to 3.4-billion A shares to investors in China, in a plan which is subject to shareholder and regulatory approval, the firm said in a filing to the Hong Kong bourse late on Tuesday.
Nevsun agreed last September to a C$1.86-billion ($1.37-billion) buyout bid by Zijin, in a deal that trumped an earlier hostile takeover offer by Lundin Mining Corp.
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https://www.miningnews.ir/En/News/322411
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