MELBOURNE, AUSTRALIA--(Marketwire - Jan. 28, 2013) - Ivanhoe Australia Limited (TSX:IVA)(News - Market indicators) is pleased to announce that it has successfully placed the shortfall from the pro-rata entitlement offer which closed in December 2012. The shortfall shares from the placement will be issued at the entitlement offer price of $0.48 per share.
On 21 November 2012, Ivanhoe Australia launched an $80 million, 3 for 10 accelerated non-renounceable entitlement offer which was completed in December 2012, raising gross proceeds of approximately $76 million.
An application for the shortfall of 9.3 million shares at $0.48 per share has been received from an institutional investor, for proceeds of approximately $4.5 million.
The shortfall shares are expected to be allotted on or before 8 February 2013 with a corresponding Appendix 3B lodged thereafter.
This information is available on our website: www.ivanhoeaustralia.com.
Ivanhoe Australia is an exploration copper and gold company based in Australia.
Ivanhoe Australia develops copper, gold, molybdenum and rhenium in Australia.
Its main asset in development is MERLIN in Australia and its main exploration property is CLONCURRY/ SWAN - MT ELLIOT in Australia.