UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of May, 2018
Commission File Number: 001-32405
NEVSUN RESOURCES LTD.
(Translation of registrant's name into English)
1750 - 1066 West Hastings Street
Vancouver, British Columbia V6E 3X1
Canada
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F:
Form 20-F [ ] Form 40-F [X]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
DOCUMENTS INCLUDED IN THIS FORM 6-K
99.1 | News Release for May 1, 2018 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly authorized.
NEVSUN RESOURCES LTD. | ||
Date: May 1, 2018 | By: | /s/ Joseph Giuffre |
Joseph Giuffre | ||
Chief Legal Officer |
NEWS RELEASE
May 1, 2018
Nevsun Receives Strong Support from Shareholders at 2018 AGM
Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT:NSU) (the “Company” or “Nevsun”) is pleased to announce the results of voting at its annual general and special meeting of shareholders which was held on May 1, 2018, in Vancouver, British Columbia (the “Meeting”). A total of 63.61% of outstanding shares were voted at the Meeting. Shareholders showed strong support for the election of its nominees as directors and for Nevsun’s approach to executive compensation.
Election of Directors
The seven nominees for director listed in Nevsun’s management proxy circular were elected as set out in the following table:
Director | Votes For | % |
Ian R. Ashby | 158,426,092 | 98.00 |
Geoffrey Chater | 156,019,700 | 96.51 |
Anne E. Giardini | 158,287,759 | 97.92 |
Peter G.J. Kukielski | 158,213,355 | 97.87 |
Ian W. Pearce | 159,633,846 | 98.75 |
Stephen V. Scott | 146,305,423 | 90.50 |
David S. Smith | 159,455,915 | 98.64 |
Appointment of Auditors
KPMG LLP was appointed as auditors of the Company and the directors of the Company were authorized to fix the remuneration of the auditors by a 97% majority of the votes cast.
Amended Stock Option Plan and Unallocated Options
The amended stock option plan of the Company (the “Stock Option Plan”) was approved, ratified and confirmed and the approval of all unallocated options issuable pursuant to the Stock Option Plan was approved by a 90% majority of the votes cast.
Advisory Vote on Executive Compensation
Nevsun’s approach to executive compensation (say on pay) was accepted by an 89% majority of the votes cast at the Meeting and shows its shareholders are confident in Nevsun’s approach to executive compensation. The primary objectives of the Company’s compensation program are to attract and retain qualified employees that fit in with the Nevsun corporate culture in order to achieve its corporate objectives and increase shareholder value and to promote greater alignment of interests between its executive officers and shareholders.
About Nevsun Resources Ltd.
Nevsun Resources Ltd. is the 100% owner of the high-grade copper-gold Timok Upper Zone and 60.4% owner of the Timok Lower Zone in Serbia. The Timok Lower Zone is a partnership with Freeport-McMoRan Exploration Corporation (“Freeport”) which currently owns 39.6% and upon completion of any feasibility study (on the Upper or Lower Zone), Nevsun Resources Ltd. will own 46% and Freeport will own 54%. Nevsun generates cash flow from its 60% owned copper-zinc Bisha Mine in Eritrea. Nevsun is well positioned with a strong debt-free balance sheet to grow shareholder value through advancing Timok to production.
NEVSUN RESOURCES
LTD. “Peter G.J. Kukielski” Peter G.J. Kukielski President & Chief Executive Officer |
For
further information, contact: Heather Taylor - Investor Relations Tel: +1 604 623 4700 Toll free: 1 888 600 2200 Email: htaylor@nevsun.com Website: www.nevsun.com |
0@ 4<-X$X@NEK!&$9&PDB'H)D #W+
MJM,'+' 6#!@Q1AO@T08$L '6*!:=5)0[3!W ZE1',#N8 .)[5)(+E/E!QC
MD@>SY)H!#* WV' F2PPINZM$FL((& 6^68A_Q5@/%-3C?X"([PT7> LU?P
M!")4._O8[YA\2DIU#K#$1]HM<0KHU$%,M#==_F<#Y1I(!+@)@ 7A#IP$_E"
M !Q),Z8-CT\%6(#=;I>E0ET 3=DTB 00L"#R7#$ :43?.!YQ54.X#\+J!T?
MW4@00Q;*DP*9Y$$HT(#8-/( /!1(^0!PEAE1L)\/>&$#&)" Q @7O%!4P>H
M63I0JJJGE 12!@S'K ]D% "E,])+,R?2GW@P 088@ ("\SY">K0@&"CC3T:U
M 2RE#DP-_8 $_ =$!$3@FA6@P%DO,)00'G2-#)S+!B#@% T\($*'I),!:18
M==I(.:NLE$*JJ+U"'= I<"E:P.XG +OQ#GE+S&5Q%E!1,;X18"MQ@#29A, >
MWE5GF'O5/E4UN:35[I %R4 "*%B @0Z$C4T%_N%9.! ? X!'AH_UU ,(9(&!
M3M!YEQU(!51(,P(8#IXA!1=7I'B0#C#GN04)(\UB5P'7%H11F!N 87;2PW^M
MSVP:) CO!C4J" 361!B8P 3\.I DU>NBK[5) S:;)O7:"*@#D4 '/+" /2U
MO61%ID$V0($"OY$#^N03CSA@(M2F"<$"22E!+*"!3X&5( ]893L-HH%7V<9P
M%V"9YWAH@4^2:K>D2RW1KD4 5=&DLF&E9 5FEH ,4*@"I:% 3"#Z.Z!E0%42
M!MT>'=8 XRRE=G(Y" 86\)C^+6TH''!<^\A3O%_%\U_YXP 4%6:_ JAJ?!VJ
MZ/,>M-"L18 ^$\B4_F0%0DP)8&"G GA3V;IBH@B@Z0$$@.1 J)0 S*6%-@=B
M .7Z# T50M9#DO( 20P@7D.P+JDZJR7;!I>%F&@A*3TDQBYA!(PF>@"2^KS
MF@4" 1:ULCN5(Z3D!I@P@US@-V$,@ -&DA( !(9'&HC7)-/%@0(0P"!+MIRD
M<%PVD@KD OCET&\!$(!:M?')71D)NXJSDP&,ZE KT4!LY\R725W9U#2#XI*4
MULZS9-3!$6C @CH0J)P!;\X*^,T#