MarketWatch / marketwire: Ivanhoe Mines Announces Agreement to Proceed With a US$1.8 Billion Rights Offering, Open to All Shareholders, With a Standby Commitment From Rio Tinto

Ivanhoe Mines announced today that it has agreed to proceed with a rights offering to holders of common shares of Ivanhoe Mines to raise up to approximately US$1.8 billion in gross proceeds as part of a memorandum of agreement with majority shareholder Rio Tinto. The rights offering will be supported by a standby commitment for the full amount from Rio Tinto, or a member of the Rio Tinto Group. All existing shareholders of Ivanhoe Mines, subject to applicable law, may participate on an equal, proportional basis in purchasing additional common shares of Ivanhoe Mines at a subscription price of C$8.34. To read the full article, click hereIvanhoe Mines Announces Agreement to Proceed With a US$1.8 Billion Rights Offering, Open to All Shareholders, With a Standby Commitment From Rio Tinto

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