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Off-market insider net buying at Turquoise Hill Res (T:TRQ)

Updated Monday Sep 19, 2022 03:05 AM EDT

Matthew Charles Halbower, a 10% Holder, acquired 757,600 Common Shares on a control or direction basis for registered holder Various funds and accounts managed by Pentwater Capital Management LP or its affiliates at a price of $40.790 through a private transaction on September 13th, 2022. This represents a $30,902,504 net investment into the company's shares and an account share holdings change of greater than 100%.

Turquoise Hill Res is in the Diversified Mining Sub Industry Group under the Basic Materials Sector.

Turquoise Hill Resources Ltd. is a Canada-based international mining company. The Company is focused principally on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia. The Company operates through one segment: Oyu Tolgoi. The Oyu Tolgoi is a new copper-gold mine and is located in the South Gobi region of Mongolia, approximately 550 kilometers (km) south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The Company's Oyu Tolgoi has five mineralized deposits, which include the Oyut deposit, Hugo North (Lift One) Hugo North (Lift Two), Hugo South, and Heruga. The Oyu Tolgoi mine is held through a 66% interest in Oyu Tolgoi LLC; the remaining 34% interest is held by Erdenes Oyu Tolgoi LLC.

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Go to Turquoise Hill Resources Ltd. (TRQ)'s company page

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