Turquoise Hill announces expiry of agreement with National United Resources

Turquoise Hill Resources (NYSE:TRQ) announced that its share purchase agreement with National United Resources Holdings Limited has expired without the transaction having completed, as required by the terms of the agreement.

As quoted in the press release,

Following the recently announced completion of Turquoise Hill’s share purchase agreement with Novel Sunrise Investments Limited, the company continues to own 56,102,000 shares in the capital of SouthGobi, representing approximately 23.3% of South Gobi’s issued and outstanding shares.

Click here for the full Turquoise Hill (NYSE:TRQ) press release