VANCOUVER, June 23,
2016 /CNW/ - Reservoir Minerals Inc. ("Reservoir")
(TSX Venture: RMC) today announced that it has
successfully completed the previously announced plan of arrangement
whereby Nevsun Resources Ltd. has acquired all of the issued and
outstanding common shares of Reservoir (the "Arrangement").
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 trading on June 24, 2016.
"On behalf of Nevsun Board and Management, we
welcome Reservoir's shareholders to our Company," said Mr.
Cliff Davis, Nevsun's President and
Chief Executive Officer, "With ongoing cash flow generation from
our Bisha mine, we have the financial strength and proven technical
ability to move the Timok copper-gold project forward in a timely
manner. We look forward to working with all stakeholders to bring
the project into production."
Statements in this news release which are not
historical facts are "forward-looking statements" that involve
risks and uncertainties. Since forward-looking statements address
future events and conditions, by their very nature, they involve
inherent risks and uncertainties. Actual results in each case
could differ materially from those currently anticipated in such
statements.
Neither the TSX Venture Exchange nor the
Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy
or accuracy of this release.
SOURCE Reservoir Minerals Inc.
