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Rio Tinto agrees to revise its funding arrangements with Turquoise Hill Resources

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London — Rio Tint has agreed to revise a previously agreed financing plan with Turquoise Hill Resources (TRQ) (April 9, 2021). A full cash offer of C $ 34 per Rio Tinto share to acquire approximately 49% of the outstanding shares of TRQ that Rio Tinto does not currently own.

Early advance payments are available at any time until the maturity of 31 December 2022, provided that certain minimum liquidity and other conditions are met, and TRQ is in the process of an Oyu Tolgoi (OT) underground project in Mongolia. Will be able to fund the development of. .. The deadline for the previously agreed funding plan for Turquoise Hill to implement an initial equity offering of at least $ 650 million has also been extended from the end of August 2022 to the end of 2022.

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Rio Tinto Canada Early Warning Disclosure

Rio Tinto currently has an advantageous stake in 102,196,643 shares of turquoise hill common stock, which is approximately 51% of the outstanding common stock of turquoise hill. Rio Tinto also has an anti-rarefaction right to allow the acquisition of additional turquoise hill securities in order to maintain its stake in turquoise hill at any time.

This announcement has been approved for market release by Rio Tinto’s Group Company Secretary and a copy of the relevant Early Warning Report is available.

Turquoise Hill is headquartered in 1 Place Ville-Marie, Suite 3680, Montreal, Quebec and Canada H3B3P2.

Additional disclosure

This press release does not constitute an offer to buy or sell securities or a solicitation to buy or sell securities. Offerings, solicitations, offers to purchase, or sale of securities are made in accordance with applicable law registration and other requirements.

Description of future prospects

This press release contains “forward-looking statements” in the sense of the Private Securities Litigation Reform Act of 1995. All statements other than the historical facts contained in this release are forward-looking statements. “Intention”, “Predict”, “Plan”, “Expect”, “Estimate”, “Plan”, “Believe”, “Expect”, “May”, “Should” , “To”, “to aim”, “to pursue”, “to seek” or similar expressions generally identify such forward-looking statements. Such forward-looking statements include known and unknown risks, uncertainties, and other factors, and actual results, performance, or outcomes are expressed or expressed by such forward-looking statements. It can differ materially from the implied future results, performance, or outcomes. Factors that may cause significant differences in actual results include, but are not limited to, whether a contract is concluded or whether this transaction or any other transaction is completed. .. Rio Tint expressly expresses obligations or promises to publish updates or amendments (except as required by applicable law, UK Listing Regulations, Financial Behavior Monitoring Organization Disclosure Guidance and Transparency Regulations, and Australian Stock Exchange Listing Regulations). I deny it. The forward-looking statements contained in this document reflect changes in expectations about it, or changes in the events, conditions, and circumstances underlying such statements. All information provided in this press release, including forward-looking statements in this document, is provided only as of the date of this press release.

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Steve Allen, the secretary of the group company, is responsible for arranging the release of this announcement on behalf of Rio Tinto plc.

LEI: 213800YOEO5OQ72G2R82

Classification: 3.1 Additional regulatory information that needs to be disclosed under the law of the Member State.

The announcement has been approved for market release by Steve Allen, Rio Tinto’s group company secretary.


Category: General

View the source version on businesswire.com: https://www.businesswire.com/news/home/20220518005862/en/


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Category: General


Rio Tinto agrees to revise its funding arrangements with Turquoise Hill Resources

Source link Rio Tinto agrees to revise its funding arrangements with Turquoise Hill Resources

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