https://www.miningweekly.com
Africa|Aggregate|Copper|Gold|Mining|Platinum|PROJECT|Projects|SECURITY
Africa|Aggregate|Copper|Gold|Mining|Platinum|PROJECT|Projects|SECURITY
africa|aggregate|copper|gold|mining|platinum|project|projects|security

Friedland regains control over Ivanhoe shares pledged as security

3rd December 2019

By: Creamer Media Reporter

     

Font size: - +

Mining billionaire Robert Friedland has regained direction and control over 25-million shares in Ivanhoe Mines that were previously pledged as security for a loan made to Friedland by a commercial bank.

The common shares constitute 2.1% of the 1 194 039 162 common shares of Ivanhoe currently issued and outstanding.

Friedland's controlled affiliate, Newstar Advantage, continues to be the registered owner of 135 570 260 common shares, which includes the 25 000 000 common shares released from the pledge by the lender and over which Friedland now exercises direction and control.

Friedland directly owns 34 454 717 common shares, which in aggregate total 170 024 977 common shares, representing in aggregate about 14.2% of the common shares currently issued and outstanding.

Friedland also may be deemed to own 2 525 000 common shares issuable on exercise of previously granted options.

Ivanhoe is advancing its projects in Southern Africa, including the Platreef platinum/palladium/gold/nickel/copper project, Kamoa-Kakula copper project and Kipushi project.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.156 0.194s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: