VANCOUVER, June 1, 2017 /CNW/ - Nevsun Resources Ltd.
(TSX: NSU) (NYSE MKT: NSU) (Nevsun or the Company) advises that its
Board of Directors has declared a quarterly dividend of
US$0.01 per common share
(US$0.04 per common share
annually). The dividend is payable on July 10, 2017, to shareholders of record as of
the close of business on June 30,
2017.
This dividend qualifies as an "eligible dividend" for Canadian
income tax purposes.
Peter Kukielski, Nevsun's CEO,
commented, "Payment of a dividend is core to our capital allocation
philosophy, and our current yield is peer leading. We
encourage investors to sign up for our dividend reinvestment
plan. Cash not used for dividends will be invested in the
world class Timok development project."
Dividend Reinvestment Plan
Nevsun's dividend reinvestment plan ("DRIP") allows shareholders
to reinvest their cash dividends into additional common shares of
Nevsun.
Benefits of the DRIP for Nevsun shareholders:
- Commission free – Shareholders do not pay any costs or
commissions.
- Discount to market – Common shares issued at a 3%
discount to the market price.
- Full or partial participation – Shareholders can elect
to receive all or part of their dividend in shares.
- Participation rights – Shareholders can change their
DRIP participation level at any time.
Participation in the DRIP is open to all registered and
beneficial shareholders in Canada,
the United States and other
jurisdictions where participation in the DRIP would not be
prohibited or restricted by applicable law. Dividends are paid only
when declared by Nevsun's Board of Directors, and the Company may,
in its discretion, change or eliminate the discount applicable to
treasury acquisitions or any other terms of the DRIP.
This news release is not an offer to sell or a solicitation of
an offer of securities. Nevsun has filed a registration statement
relating to the DRIP with the U.S. Securities and Exchange
Commission that is available electronically under the Company's
profile from EDGAR (www.sec.gov/).
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is the 100% owner of the high-grade
copper-gold Timok Upper Zone in Serbia and 60% owner of the
high-grade copper-zinc Bisha Mine in Eritrea. Nevsun is well
positioned with a strong debt-free balance sheet to grow
shareholder value through advancing the Timok project to
production.
NEVSUN RESOURCES LTD.
"Peter G.J. Kukielski"
Peter G.J. Kukielski
President & Chief Executive Officer
SOURCE Nevsun Resources Ltd.