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Message: Nevsun Resources Ltd.: Bisha Debt Facilities Reconfirmed

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Nevsun Resources Ltd.: Bisha Debt Facilities Reconfirmed

posted on Jan 14, 10 08:59AM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2010) - Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) is pleased to advise that the Industrial Development Corporation Limited of South Africa ("IDC") has re-confirmed its commitment to provide $89 million in project debt facilities to the Bisha project in Eritrea. In July 2009 the Company signed extensive loan documentation with IDC and a group European lenders for the funding of the Bisha project via debt facilities. The Company is waiting for European lenders to also reconfirm their commitment on the balance of the facilities agreed to at that time.

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