Ivanhoe Mines completes bought deal equity financing and concurrent private placement

On June 10, 2014, Ivanhoe Mines Ltd. (Ivanhoe) completed its public offering of 83,334,000 units each consisting of one Class A common share and one Class A common share purchase warrant, at a price of C$1.50 per unit for gross proceeds of C$125,001,000.

The offering, announced on May 20, was conducted through a syndicate of underwriters led by BMO Capital Markets, CIBC and Macquarie Capital Market Canada Ltd. In addition, the underwriters exercised their over-allotment option in full, resulting in the company issuing a further 12,500,100 units and increasing the total gross proceeds received by the company to C$143,751,150.

The company also announced the completion of its concurrent private placement to Robert Friedland of an additional 16,666,667 units, on the same terms and conditions as the public offering, to raise additional gross proceeds of C$25,000,001.

The net proceeds of the offering and private placement will be used for the advancement of and pre-development activities at, the Kamoa and Kipushi Projects in the Democratic Republic of Congo and for general corporate purposes.

Ivanhoe is a mining company focused on advancing and developing its three principal projects in the Democratic Republic of Congo (DRC) and South Africa.

Further information can be found on Ivanhoe's website.