Robert Friedland Files Early Warning Report

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Singapore, Singapore--(Newsfile Corp. - September 11, 2019) - This news release is issued by Robert M. Friedland pursuant to the early warning requirements of Canada's National Instrument 62-104 and National Instrument 62-103 with respect to class A common shares ("common shares") of Ivanhoe Mines Ltd. ("Ivanhoe Mines").

Mr. Friedland has pledged as security 25,000,000 common shares, which constitutes 2.1% of the 1,191,733,687 common shares of Ivanhoe Mines currently issued and outstanding. Mr. Friedland's controlled affiliate, Newstar Advantage Ltd. ("Newstar") continues to be the registered owner of 135,570,260 common shares (which includes 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% 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% of the 1,194,258,687 common shares then issued and outstanding on a partially-diluted basis.

The 25,000,000 common shares have been pledged as security for a loan made to Mr. Friedland by a third party commercial bank (the "Lender"). The common shares have been pledged pursuant to a Security Agreement with the Lender dated September 9, 2019 and corresponding Securities Account Control Agreement with the Lender and custodian dated September 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 (www.sedar.com), or contact Sam Kenny at (604) 689-8765. Ivanhoe Mines has an office at 654-999 Canada Place, Vancouver, British Columbia, Canada, V6C 3E1.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47748

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).