From: Biniam Haile \(SWE\) (eritrea.lave@comhem.se)
Date: Thu Jan 14 2010 - 10:18:21 EST
Jan 14, 2010 08:53 ET
Nevsun Resources Ltd.: Bisha Debt Facilities Reconfirmed
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2010) - Nevsun
Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) is pleased to advise that the
Industrial Development Corporation Limited of South Africa ("IDC") has
re-confirmed its commitment to provide $89 million in project debt
facilities to the Bisha project in Eritrea. In July 2009 the Company
signed extensive loan documentation with IDC and a group European
lenders for the funding of the Bisha project via debt facilities. The
Company is waiting for European lenders to also reconfirm their
commitment on the balance of the facilities agreed to at that time.
Forward Looking Statements: The above contains forward-looking
statements concerning project debt facilities and the support of the
Industrial Development Corporation of South Africa. Forward-looking
statements are frequently, but not always, identified by words such as
"expects," "anticipates," "believes," "intends," "estimates,"
"potential," "possible" and similar expressions, or statements that
events, conditions or results "will," "may," "could" or "should" occur
or be achieved. Forward-looking statements are statements about the
future and are inherently uncertain, and actual achievements of the
Company or other future events or conditions may differ materially from
those reflected in the forward-looking statements due to a variety of
risks, uncertainties and other factors, including, without limitation,
those described in the Management Discussion and Analysis of the
Company. The Company's forward-looking statements are based on the
beliefs, expectations and opinions of management on the date the
statements are made and the Company assumes no obligation to update such
forward-looking statements in the future. For the reasons set forth
above, investors should not place undue reliance on forward-looking
statements.
NEVSUN RESOURCES LTD.
Cliff T. Davis, President & Chief Executive Officer
For more information, please contact
Kin Communications
604 684 6730 or Toll free: 1 866 684 6730
ir@kincommunications.com
www.nevsun.com
http://www.marketwire.com/press-release/Nevsun-Resources-Ltd-Bisha-Debt-
Facilities-Reconfirmed-TSX-NSU-1101709.htm
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