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Zijin Mining Group entered into a private share purchase and sale agreement with CITIC Metal Africa Investments Limited and Mr. Robert Friedland to purchase Ivanhoe Mines shares

Fasken
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Zijin Mining Group

Ivanhoe Mines Ltd. (“Ivanhoe”) announced that Zijin Mining Group Co., Ltd. (“Zijin”) had entered into a private share purchase and sale agreement with CITIC Metal Africa Investments Limited (“CITIC”) who will sell 3.0% of Ivanhoe’s shares, and Mr. Robert Friedland, Ivanhoe’s Co-Chairman who will sell 1.08% of Ivanhoe’s shares, to Zijin to increase Zijin’s shareholdings in Ivanhoe to 13.88%. At closing of the purchase, Zijin will be Ivanhoe’s second largest shareholder behind CITIC who will hold approximately 26.4% of Ivanhoe’s shares and ahead of Mr. Friedland’s approximately 13.2% of Ivanhoe shares. Fasken advised Zijin on this transaction with a team including John Turner, Michael Boehm, Lei Huang and Janet Howard.

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