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Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s):  IVPAF

Metals & Mining Industrial Metals & Minerals
Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Ivanhoe Mines Ltd. > CITIC News Release
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Post by BSdetector2016on Jun 12, 2024 4:20pm
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Post# 36085647

CITIC News Release

CITIC News ReleaseGetting the facts straight: CITIC will have 12 months to make the sales.

Does anyone think that they are stupid enough to dump into seasonal weakness? I sincerely doubt it...

Further approval from the shareholders of CITIC Metal Co., Ltd. will be sought for the Transaction at a general meeting scheduled on June 11, 2024. If approved, CITIC would be able to sell not more than 25,390,428 shares (representing approximately 2.0% of the currently outstanding common shares of the Corporation on a non-diluted basis as of the date of the Corporation's last quarterly report dated April 26, 2024, 1,269,698,059 Class A shares were issued and outstanding) within 12 months from the date of approval of its proposal by the shareholders.

https://www.newsfilecorp.com/release/210670
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