Reuters logo
Ivanhoe Mines to raise C$150 mln in equity offering
May 20, 2014 / 8:12 PM / 3 years ago

Ivanhoe Mines to raise C$150 mln in equity offering

May 20 (Reuters) - Ivanhoe Mines Ltd said on Tuesday it has entered into agreements to raise C$150 million ($137.65 million) in a share and warrants offering. The funds would be used to develop its mining projects in the Democratic Republic of Congo.

Ivanhoe said C$125 million of the funds would come from a bought deal with a syndicate of investment banks. The remaining C$25 million would be raised in a private placement with Robert Friedland, Ivanhoe’s founder and chairman.

$1 = 1.0898 Canadian Dollars Reporting by Nicole Mordant in Vancouver; Editing by Bernard Orr

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below