Turquoise Hill Resources Ltd. T.TRQ

Metals & Mining Industrial Metals & Minerals

Turquoise Hill Resources Ltd is a global mining company that primarily mines copper, gold, and coal in the Asia-Pacific region. The company holds a 66% interest in Oyu Tolgoi, one of the world's largest copper-gold-silver mines, which ships concentrate to customers in China. Oyu Tolgoi is located in the South Gobi region of Mongolia, approximately 550 km south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The company also holds interests in companies that mine...

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Turquoise Hill Resources Ltd.

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Post by thasison Oct 01, 2020 6:37pm

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Post# 31655582

Turquoise Hill announces 10:1 share consolidation

T.TRQ | 1 hour ago

MONTREAL , Oct. 1, 2020 /CNW/ - Turquoise Hill Resources Ltd. ( Turquoise Hill or the Company ) announced today that it is proceeding with the planned consolidation (or reverse stock-split) of the Company's issued and outstanding common shares at a ratio of one post-consolidation share for every ten pre-consolidation shares (the Consolidation ). The Consolidation will be effective as of October 23, 2020 . Notice has been provided to the New York Stock Exchange ( NYSE ) and conditional approval to proceed with the Consolidation has been received from the Toronto Stock Exchange ( TSX ). Subject to the receipt of all required and final approvals, the Company's common shares are expected to begin trading on the NYSE and the TSX, on a consolidated basis, on or about October 26, 2020 .