Ivanhoe Mines Amends Shareholders' Rights Plan
April 22 2010 - 8:17AM
Marketwired
The Board of Directors of Ivanhoe Mines Ltd. (TSX: IVN)(NYSE:
IVN)(NASDAQ: IVN) announced today that it has amended the
shareholders' rights plan previously adopted on April 5, 2010. The
amendments to the plan can be summarized as follows:
-- the definition of "Acquiring Person" has been revised to enable a person
who becomes the beneficial owner of 20% or more of the common shares
through a combination of listed provisions to acquire an additional 1%
of Ivanhoe's shares without triggering the plan;
-- the definition of "Beneficial Ownership" has been revised to delete the
reference to ownership by way of "Derivative Contracts";
-- the definition of "Exempt Acquisition" has been revised to cap the
exemption for issuances under incentive plans and to modify the
provision related to permitted treasury issuances; and
-- the shareholder approval provision has been revised to clarify that
separate shareholder approvals of the plan will exclude both "Acquiring
Persons" and "Grandfathered Persons".
The amended plan currently is in effect, subject to confirmation
through a vote of shareholders at Ivanhoe Mines' annual general and
special meeting to be held in Vancouver May 7, 2010.
The Toronto Stock Exchange has accepted notice of the amended
plan, subject to, among other conditions, confirmation by Ivanhoe's
shareholders.
The complete text of the amended plan will be available for
public viewing at the System for Electronic Document Analysis and
Retrieval (SEDAR) via the Internet at www.sedar.com, or upon
request from Ivanhoe Mines.
About Ivanhoe Mines
Ivanhoe Mines is an international mining company with operations
focused in the Asia Pacific region. Ivanhoe's core assets include
its world-scale, Oyu Tolgoi copper-gold mine development project in
southern Mongolia.
Ivanhoe Mines' other core assets are its 57% interest in
Mongolian coal miner SouthGobi Energy Resources (TSX: SGQ)(SEHK:
1878); an 81% interest in Ivanhoe Australia (ASX: IVA), a
copper-gold-uranium-molybdenum-rhenium exploration and development
company; and a 50% interest in Altynalmas Gold Ltd., a private
company developing the Kyzyl Gold Project in Kazakhstan.
Ivanhoe Mines' shares are listed on the New York, NASDAQ and
Toronto stock exchanges under the symbol IVN.
Forward-looking statements
Certain statements made herein, including statements relating to
matters that are not historical facts and statements of our
beliefs, intentions and expectations about developments, results
and events which will or may occur in the future, constitute
"forward-looking information" within the meaning of applicable
Canadian securities legislation and "forward-looking statements"
within the meaning of the "safe harbor" provisions of the United
States Private Securities Litigation Reform Act of 1995.
Forward-looking information and statements are typically identified
by words such as "anticipate", "could", "should", "expect", "seek",
"may", "intend", "likely", "plan", "estimate", "will", "believe"
and similar expressions suggesting future outcomes or statements
regarding an outlook.
All such forward-looking information and statements are based on
certain assumptions and analyses made by Ivanhoe Mines' management
in light of their experience and perception of historical trends,
current conditions and expected future developments, as well as
other factors management believes are appropriate in the
circumstances. These statements, however, are subject to a variety
of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected
in the forward-looking information or statements. Important factors
that could cause actual results to differ from these
forward-looking statements include those described under the
heading "Risks and Uncertainties" elsewhere in the Company's
MD&A filed at www.SEDAR.com. The reader is cautioned not to
place undue reliance on forward-looking information or statements.
Except as required by law, the Company does not assume the
obligation to revise or update these forward-looking statements
after the date of this document or to revise them to reflect the
occurrence of future, unanticipated events.
Contacts: Investors: Ivanhoe Mines Ltd. Bill Trenaman
+1.604.688.5755 Media: Ivanhoe Mines Ltd. Bob Williamson
+1.604.331.9830 www.ivanhoemines.com
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