Mining.com reported that Ivanhoe Mines (TSX:IVN) has hired Morgan Stanley & Co and BMO Capital Markets to act as financial advisors. BMO and Morgan Stanley will conduct a strategic review of Ivanhoe’s projects in the Democratic Republic of Congo.
As quoted in the publication:
In May the Vancouver, B.C.-based firm had said among the options it was evaluating to deal with insufficient funds for those ventures were splitting the company’s projects into separate publicly-traded entities, asset sales, joint ventures, or alternative stock exchange listings. A few days later it announced it had entered into agreements to raise C$150 million ($137.6 million) to develop the two projects.