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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (936)	12/5/2003 12:07:00 PM
From: Andrew	Read Replies (1) \| Respond to of 29622

NSU looks like its is getting support here and is firming up I bought for a quicky G 23.11 K 11.72 PDG 23.72 And still have some unfilled for PDG at 23.72 Might cancel it and take the AGE @ 15.20

To: orkrious who wrote (936)	12/8/2003 9:56:06 AM
From: Andrew	Read Replies (1) \| Respond to of 29622

Nevsun Resources Ltd. Announces CDN$47.6 Million Bought Deal Private Placement 09:23 EST Monday, December 08, 2003 VANCOUVER, BRITISH COLUMBIA--This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. Nevsun Resources Ltd. ("Nevsun" or the "Company") (TSX: NSU) announced today that it has entered into an agreement with a syndicate of underwriters co-led by Salman Partners Inc., Dundee Securities Corporation, and Haywood Securities Inc., and including BMO Nesbitt Burns Inc., Canaccord Capital Corporation, and Westwind Partners Inc. The underwriters have agreed to buy on a private placement basis 7,000,000 Units from Nevsun and sell to qualified investors at a price of CDN$6.80 per Unit, representing an aggregate amount of issue of CDN$47,600,000. In addition, the Company will grant the underwriters an option, exercisable up to 48 hours prior to the Closing Date of the Offering, to purchase up to an additional 3,000,000 Units (CDN$20,400,000) of the Offering at the issue price. Closing of the placement is scheduled for December 18, 2003. The closing is subject to completion of standard documentation and requires that Nevsun shall be a "qualifying issuer" under Multilateral Instrument 45-102 of the Canadian Securities Authorities before the Closing Date, so that the issued shares will be subject to a four month hold period. The net proceeds from the Offering will be used to advance the development of the Tabakoto and Segala gold projects, for exploration on the Bisha property, and for general working capital. The transaction is subject to the receipt of all necessary regulatory and stock exchange approvals. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States. On behalf of the Board of Directors: NEVSUN RESOURCES LTD. Dr. John A. Clarke, President & Chief Executive Officer FOR FURTHER INFORMATION PLEASE CONTACT: Nevsun Resources Ltd. Don Halliday Manager, Investor Relations (604) 623-4700 or 1-888-600-2200 Email: dhalliday@nevsun.com Website: www.nevsun.com