Form 51-102F3
Material Change Report
CONTENT OF MATERIAL CHANGE REPORT
Item 1
Name and Address of Company
Nevsun Resources Ltd. (the “Company”)
Suite 800 – 1075 West Georgia Street
Vancouver, BC V6E 3C9
Item 2
Date of Material Change
June 24, 2005
Item 3
News Release
The press release was issued on June 24, 2005 and was disseminated by CCN Matthews, Canada Stockwatch and Market News.
Item 4
Summary of Material Change
Nevsun Resources Ltd. (“Nevsun”) (NSU: TSX and AMEX) is pleased to announce that it has received a receipt for its final short form prospectus that was filed on June 17, 2005 (see news release of June 15, 2005). As a result of the exercise of an overallotment option by the syndicate of underwriters led by Canaccord Capital Corporation and including First Associates Investments Inc., Haywood Securities Inc. and TD Securities Inc, the offering now relates to the sale of 8,000,000 Units at a price of $2.50 per Unit to raise gross proceeds of $20,000,000
Item 5
Full Description of Material Change
See attached news release.
Item 6
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
This report is not being filed on a confidential basis.
Item 7
Omitted Information
No information has been intentionally omitted from this form.
Item 8
Executive Officer
Dr. John A. Clarke
Telephone: (604) 623-4700
Item 9
Date of Report
June 24, 2005
NEVSUN RESOURCES LTD.
Per:“Maureen Carse”
Maureen D. Carse
Corporate Secretary
N E W S R E L E A S E |
NEVSUN ANNOUNCES “BOUGHT DEAL” FINANCING
INCREASED TO CDN$20,000,000
JUNE 24, 2005
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”) (NSU: TSX and AMEX) is pleased to announce that it has received a receipt for its final short form prospectus that was filed on June 17, 2005 (see news release of June 15, 2005). As a result of the exercise of an overallotment option by the syndicate of underwriters led by Canaccord Capital Corporation and including First Associates Investments Inc., Haywood Securities Inc. and TD Securities Inc, the offering now relates to the sale of 8,000,000 Units at a price of $2.50 per Unit to raise gross proceeds of $20,000,000. Each Unit consists of one common share and one-half of one transferable share purchase warrant, each whole warrant exercisable for three years at an exercise price of $3.25 per share. The closing date of the Offering is expected to occur on or about June 29, 2005.
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.
NEVSUN RESOURCES LTD. “John A. Clarke” Dr. John A. Clarke Nsu05-19.doc | For further information, Contact: Website:www.nevsun.com
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