Ivanhoe Mines Evaluating Implications of Arbitration Decision on Company's Shareholders' Rights Plan
December 13 2011 - 10:37AM
Marketwired
Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) announced today that
the company and its legal counsel are continuing to evaluate the
implications of an arbitrator's decision on the company's
Shareholders' Rights Plan that was issued Monday, December 12, and
addressed in Ivanhoe's December 12 news release.
One result of the decision is that Ivanhoe's Shareholders'
Rights Plan remains in effect and applicable to all shareholders,
including Rio Tinto. Anti-dilution rights granted to Rio Tinto by
Ivanhoe Mines in the 2006 Private Placement Agreement also remain
in effect.
Rio Tinto's maximum permitted interest in Ivanhoe Mines remains
capped at its current level of 49% until January 18, 2012. The
Shareholders' Rights Plan does not expire until April 2013.
Copies of Ivanhoe's Shareholders' Rights Plan and the Private
Placement Agreement both are available on the company's SEDAR
filing site, accessible through IvanhoeMines.com.
About Ivanhoe Mines
Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) is an
international mining company with operations focused in the Asia
Pacific region. Assets include the company's 66% interest in the
Oyu Tolgoi copper-gold-silver mine development project in southern
Mongolia; its 58% interest in Mongolian coal miner SouthGobi
Resources (TSX:SGQ)(HK:1878); a 59% interest in Ivanhoe Australia
(TSX:IVA)(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.
Contacts: Ivanhoe Mines Ltd. - Investors Bill Trenaman
+1.604.688.5755 Ivanhoe Mines Ltd. - Media Bob Williamson
+1.604.331.9830www.ivanhoemines.com
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