Ivanhoe to raise US$100 million

IVANHOE Mines is to raise US$100 million in new equity, underwritten by a syndicate co-led by HSBC Securities, Giffiths McBurney and CIBC.

Ivanhoe to raise US$100 million Ivanhoe to raise US$100 million Ivanhoe to raise US$100 million Ivanhoe to raise US$100 million Ivanhoe to raise US$100 million

The money will be used to progress the compnay's Oyu Tolgoi copper-gold project in the South Gobi region of Mongolia, where scoping studies are expected to be completed this month.

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