From: Biniam Tekle (biniamt@dehai.org)
Date: Thu Jan 14 2010 - 10:33:30 EST
Bisha Debt Facilities Reconfirmed
January 14, 2010
Nevsun Resources Ltd. (NSU-TSX/AMEX) 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”
Cliff T. Davis
President & Chief Executive Officer
Nsu10-01.docx
For further information, Contact:
Kin Communications
Tel: 604 684 6730
Toll free 1 866 684 6730
Email: ir@kincommunications.com
Website: www.nevsun.com
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