06:17:33 EST Tue 28 Jan 2020
Enter Symbol
or Name

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Ivanhoe Mines Ltd
Symbol IVN
Shares Issued 1,191,427,671
Close 2019-09-11 C$ 3.58
Recent Sedar Documents

Ivanhoe's Friedland pledges 25 M shares as security

2019-09-11 23:56 ET - News Release

Mr. Robert Friedland reports


Robert Friedland has pledged as security 25 million Class A common shares, which constitute 2.1 per cent of the 1,191,733,687 common shares of Ivanhoe Mines Ltd. currently issued and outstanding. Mr. Friedland's controlled affiliate, Newstar Advantage Ltd., continues to be the registered owner of 135,570,260 common shares (which include 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 per cent 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 per cent of the 1,194,258,687 common shares then issued and outstanding on a partially diluted basis.

The 25 million common shares have been pledged as security for a loan made to Mr. Friedland by a third party commercial bank. The common shares have been pledged pursuant to a security agreement with the lender dated Sept. 9, 2019, and a corresponding securities account control agreement with the lender and custodian dated Sept. 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, or contact Sam Kenny at 604-689-8765.

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