Reservoir Minerals today announced that it has successfully completed the previously announced plan of arrangement whereby Nevsun Resources has acquired all of the issued and outstanding common shares of Reservoir. As a result of the Arrangement the common shares of Reservoir are expected to be delisted from the TSX Venture Exchange at the close of [...]
Reservoir Minerals is pleased to announce that at a special meeting held today, Reservoir shareholders and optionholders approved the previously announced Plan of Arrangement with Nevsun Resources. On closing of the Arrangement, all of Reservoir's issued and outstanding common shares will be exchanged on the basis of two Nevsun common shares and [...]
Nevsun Resources and Reservoir Minerals are pleased to announce that Nevsun and Reservoir have agreed to increase the consideration to be paid to holders of Reservoir's common shares by adding a cash payment of C$2.00 per Reservoir Share. Nevsun and Reservoir believe that the additional consideration will be favourably received by Reservoir [...]
Reservoir Minerals today reminded Reservoir shareholders to vote FOR the strategic US$1.1 billion combination of Reservoir and Nevsun Resources in order to ensure Reservoir shareholders receive a premium price for their shares and participate in the long term growth of the combined company and the Timok copper and gold project. All Reservoir [...]
Reservoir Minerals reiterates the premium value of the Arrangement Agreement it has entered into with Nevsun Resources. Following the completion of the Arrangement the pro-forma company will have over US$300 million in cash to fund the development of Timok, as well as ongoing cash flow generated by Nevsun's 60%-owned Bisha mine, a high grade mine [...]
Reservoir Minerals, advises that a public dissemination has been made under National Instrument 51-102 that communicates opposition to the proposed combination with Nevsun Resources. The Board of Directors of Reservoir continues to recommend that the Company's shareholders vote FOR the proposed combination transaction. Reservoir's board remains [...]
Reservoir Minerals, is pleased to advise that the Management Information Circular relating to the arrangement agreement between Reservoir and Nevsun Resources whereby Reservoir and Nevsun will combine their respective companies announced, on April 24th, 2016, has been mailed and filed on SEDAR. Reservoir shareholders and optionholders as of the [...]
Reservoir Minerals is pleased to announce the filing of a Preliminary Economic Assessment prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects on the Company's Timok JV Project and Cukaru Peki deposit in Serbia. The Cukaru Peki PEA is entitled "NI43-101 Preliminary Economic Assessment of the Cukaru [...]
Reservoir Minerals is pleased to advise that it has exercised its Right of First Offer with Freeport-McMoRan Exploration to acquire Freeport's 55% interest in the Timok Project Upper Zone of the Cukaru Peki copper-gold deposit, and increase its interest in the Lower Zone, by payment of US$135 million to Freeport.
Transaction Highlights Strategic US$1.1 billion combination creates a diversified mid-tier base metals company Transaction consolidates a 100% ownership of the high grade upper zone of the Timok Copper Project Timok development is underpinned by Nevsun's strong balance sheet and operating cash flow Combined company has significant exploration [...]
Reservoir Minerals is pleased to announce the results of the Preliminary Economic Assessment undertaken by independent consultants on its 45% owned Timok JV Project and Cukaru Peki deposit in Serbia. The PEA base case considers the potential economic merit of a Phase 1 starter mine, with access via a twin decline to the higher grade direct shipping [...]
Reservoir Minerals is pleased to provide an update on the exploration drilling of the porphyry copper-gold mineralization in the Lower Zone of the Cukaru Peki Deposit in eastern Serbia, which is a joint venture with Freeport-McMoRan Exploration. Drill intercepts from 3 drill holes TC150060, TC150060a and TC 160066 through the porphyry [...]
