Ivanhoe Mines Ltd.: Dow Jones Corrects News Record on Robert Friedland
January 15 2010 - 10:18AM
Marketwired
Ivanhoe Mines Ltd. (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN) -
Statement by Robert M. Friedland, Executive Chairman, Ivanhoe
Mines Ltd.
I accept the unqualified correction published today by Dow Jones
Newswires that helps to set straight the public record on my
ownership of shares in Ivanhoe Mines Ltd.
The correction, headlined "Ivanhoe Investor Says Stake Isn't Up
For Sale", acknowledges that earlier Dow Jones news reports had
incorrectly stated that I was seeking to sell my 23% founder's
stake in Ivanhoe Mines and also had incorrectly stated that my
stake had been "shopped" to a Chinese sovereign-wealth fund.
The record should be perfectly clear. I have never offered my
Ivanhoe Mines shares for sale to anybody, in any context - and
nobody has been authorized to make such an offer on my behalf. I am
not considering unsolicited offers for my Ivanhoe shares. The
allegation that I would put my personal interest ahead of the
company's at this important stage of our development was false and
repugnant.
Following publication of the original, incorrect Dow Jones
stories on January 14, and following the distribution of the denial
that I was obliged to issue to attempt to counter the false
information, investors rightly were questioning the motives of the
unnamed, purported sources of information cited by Dow Jones and
why they were being given credibility and anonymity by Dow
Jones.
It bears noting that all of this damaging misinformation could
have been avoided if Dow Jones had made the effort to thoroughly
check the accuracy of its information before publishing its
incorrect original story.
Contacts: Ivanhoe Mines Ltd. Bill Trenaman Investor Contact
+1.604.688.5755 Ivanhoe Mines Ltd. Bob Williamson Media Contact
+1.604.688.5755 www.ivanhoemines.com
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