Azincourt Energy

Robert Friedland Files Early Warning Report

Singapore, Singapore--(Newsfile Corp. - September 11, 2019) - This news release is issued by Robert M. Friedland pursuant to the early warning requirements of Canada's National Instrument 62-104 and National Instrument 62-103 with respect to class A common shares ("common shares") of Ivanhoe Mines Ltd. ("Ivanhoe Mines").

Mr. Friedland has pledged as security 25,000,000 common shares, which constitutes 2.1% of the 1,191,733,687 common shares of Ivanhoe Mines currently issued and outstanding. Mr. Friedland's controlled affiliate, Newstar Advantage Ltd. ("Newstar") continues to be the registered owner of 135,570,260 common shares (which includes the pledged common shares) and Mr. Friedland continues to directly own 34,454,717 common shares, which in aggregate total 170,024,977 common shares, representing in aggregate approximately 14.3% of the common shares currently issued and outstanding. Mr. Friedland also may be deemed to own 2,525,000 common shares issuable on exercise of previously granted options, and as a result may be deemed to own, in aggregate, 172,549,977 common shares, representing approximately 14.5% of the 1,194,258,687 common shares then issued and outstanding on a partially-diluted basis.

The 25,000,000 common shares have been pledged as security for a loan made to Mr. Friedland by a third party commercial bank (the "Lender"). The common shares have been pledged pursuant to a Security Agreement with the Lender dated September 9, 2019 and corresponding Securities Account Control Agreement with the Lender and custodian dated September 9, 2019. The Lender has no rights to dispose of, sell, transfer or vote, any of the pledged common shares until such time as the pledge has been realized following an event of default under the loan.

For further information and to obtain a copy of the early warning report filed under applicable Canadian provincial securities legislation in connection with the transactions hereunder, please go to Ivanhoe Mines' profile on the SEDAR website (www.sedar.com), or contact Sam Kenny at (604) 689-8765. Ivanhoe Mines has an office at 654-999 Canada Place, Vancouver, British Columbia, Canada, V6C 3E1.

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Ivanhoe Mines

Last Trade: C$4.03
Daily Change: 0.12 3.07
Daily Volume: 807,686
Market Cap: C$4.110B
Ivanhoe Mines: Surging Palladium and Rhodium Prices Propel Platreef's 'Metals-Price Basket' to a New High
Gold Mountains (H.K.) International Mining Company Limited Completes Acquisition of Shares in the Capital of Ivanhoe Mines Ltd.
CITIC Files Early Warning Report
Robert Friedland Files Early Warning Report
Ivanhoe Mines' Senior Management Meet with Top DRC Government Officials to Provide Updates on Development Progress at the Kamoa-Kakula and Kipushi Projects
Ivanhoe Mines Issues Third Quarter Financial Results and Review of Mine Development and Exploration Activities
Mine development progressing at Ivanhoe's Tier One palladium-platinum-nickel-copper-gold-rhodium mine development project in South Africa
Ivanhoe's Mark Farren appointed Chief Executive Officer of the Kamoa-Kakula Copper Joint Venture
Ivanhoe Mines Reports Fatality at the Kamoa-Kakula Project
Ivanhoe Mines: Kakula Underground Mine Development Has Reached the Edge of the High-Grade Ore as Mining Advances Toward Zones in Excess of 8% Copper
Drilling Intersects the Highest-Grade Intersection Ever Drilled at Ivanhoe Mines' Kamoa-Kakula Project, with an Estimated Grade of 18.0% Copper Over 18.86 metres, at a 2% Cut Off
Ivanhoe Mines Completes Strategic Equity Investment of C$612 Million (US$459 million) from China-Based CITIC Metal

Azincourt Energy

Azincourt Energy

Azincourt Energy is a Canadian resource company specializing in strategic acquisition, exploration and development of alternative energy/fuel projects focusing on uranium, lithium, cobalt and other critical energy and fuel elements. Azincourt is actively building a portfolio of projects that will meet the world’s increasing need to power the future. Currently the Company is developing uranium projects in the Athabasca basin as well as lithium pegmatite projects in Manitoba... LEARN MORE

No Internet Connection