- Rio Tinto has acquired 510,983,220 common shares of Turquoise Hill under Turquoise Hill's rights offering at a total cost of C$1,292,787,546.60 or C$2.53 per share.

The purchase represents approximately 50.8 per cent of the common shares offered under the rights offering. The rights offering, which closed today, was fully subscribed.

Turquoise Hill will be using a portion of the funds it receives under the rights offering to repay all amounts outstanding under the US$1.8 billion interim funding facility and the US$600 million secured bridge funding facility each provided to Turquoise Hill by Rio Tinto.

At 8:09am: [LON:RIO] Rio Tinto PLC share price was -29.75p at 3147.25p

Story provided by