RE:zijin likes ivn Giselle,
They are taking this from Robert F. Good for him . He's selling 48 million shares to Zijin. Thats about 4 % of the cap
Zijin to increase its shareholding in Ivanhoe Mines to 13.88%
in a private share purchase and sale transaction
with CITIC Metal Africa and Robert Friedland
After the closing of the transaction, CITIC Metal Africa will own approximately 26.4% of Ivanhoe’s issued and outstanding shares, Robert Friedland will own approximately 13.2%, and Zijin will own 13.88%. The price per share will be fixed on the day prior to completion of the transaction at the prevailing one-day volume weighted average price at that time, but with a floor price of C$3.98 – the price of the recently completed second strategic investment by CITIC Metal in Ivanhoe Mines.