Edition:
India

Ivanhoe Mines Sells 19.9 Pct Stake To CITIC Metal


Monday, 11 Jun 2018 

June 11 (Reuters) - Ivanhoe Mines Ltd ::IVANHOE MINES AND CITIC METAL SIGN LONG-TERM STRATEGIC COOPERATION AND INVESTMENT AGREEMENT.IVANHOE MINES LTD - DEAL FOR APPROXIMATELY C$723 MILLION.IVANHOE MINES - INTENDS TO USE PROCEEDS FOR ADVANCEMENT OF CO'S MINE DEVELOPMENT PROJECTS IN SOUTHERN AFRICA.IVANHOE MINES LTD - CITIC METAL TO MAKE $100 MILLION INTERIM LOAN FACILITY AVAILABLE TO IVANHOE MINES.IVANHOE MINES - UNDER AGREEMENT, IVANHOE MINES WILL ISSUE 196.6 MILLION SHARES TO CITIC METAL THROUGH PRIVATE PLACEMENT AT C$3.68/SHARE.IVANHOE MINES LTD - CITIC METAL, UNIT OF CITIC LIMITED , AGREED TO MAKE A MAJOR INVESTMENT ACQUIRING A SIGNIFICANT 19.9% STAKE IN IVANHOE MINES. 

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3.18
-0.07 -2.15%
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