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

Article content

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.

Article content

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.

Article content

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.

riotinto.com

Category: General

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

contact address

All inquiries media.enquiries@riotinto.com

Media Relations, UK
Illtud Harri
M +44 7920 503600

David Outweight
M +44 7787 597 493

Media relations, Americas
Matthew Klar
T +1 514 608 4429

Investor relations, UK
Menno Sanderse
M: +44 7825 195178

David Obington
M +44 7920 010 978

Claire Peaver
M +44 7788 967 877

Rio tinto plc
6 St James’s Square
London SW1Y4AD
England
T +44 20 7781 2000
Registered in the UK
Number 719885

Media Relations, Australia
Jonathan Rhodes
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, Australia
Amar jumper
M +61 472 865 948

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Register in Australia
ABN 96 004 458 404

Category: General

#distro