Support for Ivanhoe Mines' Shareholders' Rights Plan Recommended by Two Leading Independent Proxy Advisory Firms
April 27 2010 - 8:20AM
Marketwired
Ivanhoe Mines Ltd. (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN) announced
today that RiskMetrics Group and Glass Lewis & Co., two
leading, independent proxy advisory firms, have recommended that
shareholders vote in favour of the resolution to approve Ivanhoe
Mines' amended and restated shareholders' rights plan to be
considered at the company's annual general and special meeting of
shareholders to be held in Vancouver May 7, 2010.
David Huberman, Ivanhoe Mines' lead Independent Director and
Chair of the Corporate Governance Committee, said the independent
evaluations provide added confidence to shareholders who are
prepared to approve the adoption of the shareholders' rights plan.
"The Board of Directors determined that the plan is in the best
interests of the shareholders and the company. The recommendations
of support by RiskMetrics and Glass Lewis confirm that the plan is
a sound and appropriate measure."
Ivanhoe Mines announced the adoption of the plan on April 5 to
ensure fair treatment of all Ivanhoe Mines shareholders during any
takeover bid for Ivanhoe's outstanding common shares, or other
transaction that would involve a change of control. Several
amendments to the plan were announced on April 22.
Information on how to vote proxies or to obtain Ivanhoe Mines'
notice of meeting and management information circular is available
toll-free at 1-866-425-8541 from Georgeson Shareholder
Communications Canada, the company's proxy solicitation agent.
Proxies must be received by 9 a.m. (Vancouver time) on Wednesday,
May 5, 2010.
The complete text of the amended rights plan is 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 (NYSE: IVN)(NASDAQ: IVN)(TSX: IVN) is an
international mining company with operations focused in the Asia
Pacific region. Core assets include the company's world-scale, Oyu
Tolgoi copper-gold mine development project in southern Mongolia;
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.
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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