[miningmx.com] – IVANHOE Mines has sold shares and share warrants for C$150m in order to finance the development of two projects in the Democratic Republic of Congo (DRC), said Bloomberg News.
Ivanhoe Mines, which is led by Robert Friedland, completed two share-based transactions to raise the finance: the first a bought deal for C$125m while in the second, some C$25m would be sold in stock and warrants to Friedland.
The company said on May 15 it was considering a spinoff of its DRC assets and its South African assets into separate companies with China National Gold Group in talks with Friedland to buy Ivanhoe’s Kamoa copper project, Bloomberg News said.
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