- Free Writing Prospectus - Filing under Securities Act Rules 163/433 (FWP)
January 27 2011 - 1:49PM
Edgar (US Regulatory)
ISSUER FREE WRITING PROSPECTUS
Filed pursuant to Rule 433
Registration Statement
No. 333-169984
January 27, 2011
January 27, 2011
Ivanhoe Mines announces successful
completion of rights offering
Preliminary results indicate
approximately 99% of available rights were exercised, generating approximately
US$1.18 billion of gross proceeds for the company
TORONTO, CANADA – Ivanhoe Mines
announced today that its strategic rights offering expired on January 26,
2011, as scheduled. Based on preliminary results that are subject to
confirmation of amounts that will be received from brokers using guaranteed
delivery procedures, Ivanhoe estimates it will receive gross proceeds of
approximately US$1.18 billion from the rights offering to help finance
construction of the Oyu Tolgoi copper-gold project in Mongolia.
Also based on preliminary results,
Ivanhoe expects to issue a total of approximately 85 million new common
shares through the rights offering, which would represent approximately 99% of
the maximum number of common shares available under the rights offering.
Robert Friedland and Rio Tinto, Ivanhoe
Mines’ two largest shareholders, both exercised all of their respective
rights that were issued to them in the rights offering. Mr. Friedland also
purchased an additional 1.5 million rights on the open market and
exercised them to acquire additional common shares. Based on the preliminary
results, Mr. Friedland’s ownership stake in Ivanhoe Mines now is
15.5%; Rio Tinto has maintained its current ownership at 40.3%.
Ivanhoe expects that the rights
offering will close on February 2, 2011 to accommodate those who exercised
rights using guaranteed delivery procedures. Ivanhoe intends to mail new common
shares acquired through the rights offering to registered subscribers on or
promptly after the scheduled closing of the offering.
The Board of Directors of Ivanhoe Mines
extends its appreciation to all shareholders who participated in, and
contributed to, the success of the rights offering.
Citi was the lead dealer manager for
the rights offering. BMO Capital Markets and CIBC were co-dealer managers.
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.
1
About Ivanhoe Mines
(
www.ivanhoemines.com
)
Ivanhoe Mines (NYSE, NASDAQ & 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; HK: 1878); a 62% interest in Ivanhoe Australia (TSX & 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.
Information contacts
Investors: Bill Trenaman
+1.604.688.5755. Media: Bob Williamson +1.604.331.9830
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 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 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 investors the
prospectus upon requests made by calling toll-free 1-877-858-5407.
2
2
Ivanhoe Mines (NYSE:IVN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ivanhoe Mines (NYSE:IVN)
Historical Stock Chart
From Jul 2023 to Jul 2024