Ivanhoe Mines Announces Successful Completion of Rights Offering

Ivanhoe Mines (TSX:IVN,NYSE:IVN,NASDAQ:IVN) announces that its strategic rights offering expired on January 26, 2011, as scheduled.

The press release is quoted as saying:

Based on preliminary results that are subject to confirmation of amounts that will be received from brokers using guaranteed delivery procedures, Ivanhoe estimates it will receive gross proceeds of approximately US$1.18 billion from the rights offering to help finance construction of the Oyu Tolgoi copper-gold project in Mongolia.

Click here to access the entire press release