Brief: Ivanhoe Electric Inc Says Co To Sell 1.5 Mln Shares Of Common Stock To Saudi Arabian Mining Company Ma'aden

Ivanhoe Electric

23/10/2023 12:34

Oct 23 (Reuters) - Ivanhoe Electric Inc  IE.TO :
    * IVANHOE ELECTRIC INC - ENTERED INTO COMMON STOCK
SUBSCRIPTION
AGREEMENT WITH SAUDI ARABIAN MINING COMPANY MA'ADEN
    * IVANHOE ELECTRIC INC - WILL SELL TO MA'ADEN 1.5 MILLION
SHARES
OF COMMON STOCK OF CO IN PRIVATE PLACEMENT
    * IVANHOE ELECTRIC - IN EXCHANGE FOR PURCHASED SHARES,
MA'ADEN TO
PAY CO PURCHASE PRICE OF $13.50 PER SHARE FOR GROSS PROCEEDS OF
ABOUT $20.4 MILLION
    * IVANHOE ELECTRIC INC - INTENDS TO USE PROCEEDS TO ADVANCE
ITS
UNITED STATES MINERAL PROJECTS

Further company coverage:  IE.TO 

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