- Published: Monday, 30 July 2012 11:35
- Written by ASIA Miner News
Ivanhoe Mines has completed a US$1.8 billion rights offering aimed at raising funds for the construction and development of its Oyu Tolgoi project. The rights offering will see a total of 260 million new common shares issued, the maximum available. Rio Tinto, Ivanhoe’s majority shareholder, has exercised all of its respective rights issued to it in the offering.