eritrea gvt committed to build mining industry, page-5

Oct 19, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Nevsun Resources Ltd. ("Nevsun") (NSU: TSX and AMEX) wishes to announce that it has entered into a non-brokered private placement financing of 10,000,000 common shares at $1.50 per share The net proceeds from the offering will be used for working capital and to fund the early stages of construction of the Bisha Project, after conclusion of a mining agreement and receipt of a mining license from the Government of Eritrea.


Looking very positive for NSU ,SGC & SBS.