Ivanhoe Mines Common Shares Now Trading "Ex-Rights" on Toronto and New York Stock Exchanges and NASDAQ
December 31 2010 - 8:15AM
Marketwired
Ivanhoe Mines (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN) announced today
that the company's shares began trading "ex-rights" on the Toronto
Stock Exchange (TSX), New York Stock Exchange (NYSE) and NASDAQ
Stock Market on December 29, 2010.
Each Ivanhoe Mines share traded before December 29, 2010, is
considered to have had the value of a right embedded in the price
of the share. Beginning on the "ex-rights" date - December 29 - the
rights in effect could be considered to be separate from the common
shares for comparative valuation purposes.
Securities trades in the United States and Canada customarily
settle three business days following the date of each trade. This
means that buyers of Ivanhoe Mines shares purchased on or after
December 29 will not be registered as holders of those shares on
December 31, 2010, which is the record date for determining the
eligibility of shareholders to participate in the company's
previously announced rights offering. Under terms of the rights
offering, only shareholders of record on the December 31 record
date will be entitled to receive one right for every share that
they own.
"Regular way" trading of the rights will begin on the TSX on
January 4, 2011, under the symbol "IVN.RT," and continue until 12
noon Eastern Standard Time (EST) on January 26, 2011. "Regular way"
trading will begin on January 6, 2011, on the NYSE under the symbol
"IVN RT" and on NASDAQ under the symbol "IVN.R," and will stop at
the close of trading on January 25, 2011. The rights offering will
expire at 5:00 p.m. (EST) on January 26, 2011.
Every 100 rights will allow the holder to purchase 15 common
shares of Ivanhoe. Every 20 rights, for example, will entitle the
holder to purchase three shares. Each holder may choose a
subscription price of either US$13.88 per share or CDN$13.93 per
share.
A rights-offering prospectus and rights certificate will be
mailed to each shareholder of record on January 5, 2011, subject to
applicable law. The final prospectus, dated December 16, 2010, is
available now on Sedar and on EDGAR; key details were summarized in
news releases issued by Ivanhoe Mines on December 18 and 22, 2010,
which are available at www.ivanhoemines.com.
This news release does not constitute an offer to sell, or the
solicitation of an offer to buy, any securities; nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Ivanhoe Mines (www.ivanhoemines.com)
Ivanhoe Mines (NYSE: IVN)(NASDAQ: IVN)(TSX: IVN) is an
international mining company with operations focused in the Asia
Pacific region. Assets include the company's 66% interest in the
world-scale, Oyu Tolgoi copper-gold mine development project in
southern Mongolia; its 57% interest in Mongolian coal miner
SouthGobi Resources (TSX: SGQ)(SEHK: 1878); a 62% 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.
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 harbour" 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. These include, but are not limited to,
whether or not the above contemplated rights offering or
project-finance package will be successfully completed in the
future and other statements that are not historical facts.
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 "Risk Factors" included in the rights offering prospectus
or in the Company's Annual Information Form, which are filed on
Sedar and EDGAR. The reader is cautioned not to place undue
reliance on forward-looking information or statements.
The issuer has filed a registration statement (including a
prospectus) with the SEC for the rights offering to which this
communication relates. Before investing, individuals should read
the prospectus in that registration statement and other documents
the issuer has filed with the SEC for more complete information
about the issuer and the rights offering. The documents are
available free of charge by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, the issuer or dealer managers
participating in the rights offering will arrange to send you the
prospectus if you request it by calling toll-free
1-877-858-5407.
Contacts: Ivanhoe Mines Ltd. Bill Trenaman Investors
+1.604.688.5755 Ivanhoe Mines Ltd. Bob Williamson Media
+1.604.331.9830 www.ivanhoemines.com
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