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Ivanhoe Mines Completes Concurrent Offering and Private Placement
- Client News
- June 10, 2014
Practices
Paul, Weiss client Ivanhoe Mines Ltd. announced the closing of
its offering of 95,834,100 units at Cdn$1.50 per unit for aggregate
proceeds of Cdn$143,751,150. Each unit consists of one common share
and one common share purchase warrant. The offering was conducted
publicly in Canada and via private placement pursuant to Section
4(a)(2) of the Securities Act in the United States. BMO Nesbitt
Burns Inc., CIBC World Markets Inc. and Macquarie Capital Markets
Canada Ltd. co-led the syndicate of underwriters for the
transaction. Ivanhoe Mines is a mineral exploration and development
company whose principal properties are located in South Africa and
the Democratic Republic of the Congo.
The Paul, Weiss team included corporate partners Ted Maynard
and Christopher Cummings; and tax
partner David
Mayo.