Canadian Imperial Bank of Commerce: Ivanhoe sold shares and warrants in a so-called bought deal for C$125 million, the Canadian company said today in a statement. The sale was underwritten by BMO Capital Markets, Canadian Imperial Bank of Commerce and Macquarie Group Ltd, according to Bloomberg. Ivanhoe said May 15 its weighing options including the spinoff of its Congo assets and its South African platinum assets into separate companies. China National Gold Group Corp. is in talks to buy a stake in Ivanhoes Kamoa copper project in the Congo, people with knowledge of the matter said in March and Ivanhoe Mines Ltd. IVN , the mining company founded by Robert Friedland, agreed to sell shares and share warrants for a total of about C$150 million $138 million to fund the development of two projects in the Democratic Republic of Congo. In a separate transaction, the company said it will also sell about C$25 million of stock and warrants to Friedland.
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Tagged under China National Gold Group Corp., BMO Capital Markets topics.