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 29, 2005
Item 3
News Release
The press release was issued on June 29, 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 completed its financing by way of short form prospectus as announced on June 15 and June 24, 2005.
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 29, 2005
NEVSUN RESOURCES LTD.
Per:“Maureen Carse”
Maureen D. Carse
Corporate Secretary
N E W S R E L E A S E |
NEVSUN COMPLETES “BOUGHT DEAL” FINANCING
OF CDN$20,000,000
June 29, 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 completed its financing by way of short form prospectus as announced on June 15 and June 24, 2005. The financing was conducted through a syndicate of underwriters lead by Canaccord Capital Corporation and included First Associates Investments Inc., Haywood Securities Inc. and TD Securities Inc. (the “Underwriters”). Under the financing Nevsun issued 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 warrants will commence trading at opening of the Toronto Stock Exchange today under the symbol NSU.WT. The Underwriters were paid a cash commission of 6.0% of the gross proceeds.
The securities being offered have not been, nor will they be registered under theUnited 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 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 Nsu05-20.doc | For further information, Contact: Website:www.nevsun.com
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