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Turquoise Hill Resources Ltd closes rights offering


Monday, 13 Jan 2014 04:54pm EST 

Turquoise Hill Resources Ltd:Says closing of its rights offering, which expired on Jan. 7, 2014, and confirmed the offering generated about $2.4 bln in gross proceeds.Says it is using the net proceeds from the rights offering to repay all outstanding amounts under its $1.8 billion interim funding facility and its secured $600 million bridge facility with Rio Tinto.Says remaining proceeds will be used for the continued funding of the Oyu Tolgoi Project, working capital, general administrative expenses and other corporate expenses. 

Company Quote

5.17
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1 May 2015