Standard Contracts
UNDERWRITING AGREEMENTUnderwriting Agreement • July 5th, 2005 • Nevsun Resources LTD • Gold and silver ores
Canaccord Capital Corporation ("Canaccord"), First Associates Investments Inc., Haywood Securities Inc. and TD Securities Inc. (each, an "Underwriter", and together, the "Underwriters") hereby severally, in respect of the percentages set forth in section 7.1 of this Agreement, and not jointly, offer to purchase from Nevsun Resources Ltd. (the "Corporation") upon and subject to the terms hereof, an aggregate of 4,000,000 units of the Corporation (each a "Unit") at a price of $2.50 per Unit (the "Offering Price"), each Unit consisting of one common share in the capital of the Corporation (each a "Share") and one-half of one transferable common share purchase warrant of the Corporation (each whole warrant a "Warrant"). Each Warrant shall entitle the holder to subscribe for an additional common share of the Corporation (each a "Warrant Share") at a price of $3.25 per Warrant Share at any time prior to the day that is three (3) years from the Closing Date (as hereinafter defined). The Under
