Ivanhoe Mines announces $500M private placement with Qatar’s QIA

Published 1 month ago Neutral
Ivanhoe Mines announces $500M private placement with Qatar’s QIA
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Ivanhoe Mines (TSX:IVN:CA [https://seekingalpha.com/symbol/IVN:CA]) (OTCQX:IVPAF [https://seekingalpha.com/symbol/IVPAF]) on Wednesday announced [https://seekingalpha.com/pr/20235005-ivanhoe-mines-announces-us-500-million-strategic-private-placement-with-qatar-investment] a $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 for C$12.00 per share, yielding gross proceeds to Ivanhoe of approximately $500 million.

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