Ivanhoe Mines
(MENAFN- Baystreet) 09:20 AM EST - Ivanhoe Mines : Executive Co-Chair Robert Friedland and President and Chief Executive Officer Marna Cloete announce today a US$500 million investment from Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. In accordance with the investment, Ivanhoe Mines will issue 57,516,666 common shares to QIA by way of a private placement at a price of C$12.00 per share, yielding gross proceeds to Ivanhoe of approximately US$500 million. Ivanhoe Mines'
shares T are trading unchanged at $13.19.
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