Zijin Mining Group Co. Ltd. said March 12 that it completed the compulsory acquisition of the remaining outstanding Nevsun Resources Ltd. shares it did not own, part of Zijin's C$6.00-per-share all-cash takeover bid.
The Chinese miner acquired a total of 23,184,095 Nevsun shares, representing 7.5% of the latter, at the offer price of C$6.00 per share, to close the C$1.86 billion acquisition.
As of March 8, Nevsun's shares have been delisted from the TSX and the NYSE American bourses. A request to cease to be a reporting issuer will be made to applicable Canadian securities regulatory authorities.