The issue of shares occurred in two stages, with a Canadian instrument known as a ''Special Warrant'' issued on receipt of funds, and with the shares issued some weeks later after the Australian prospectuses for ASIC were finalised.
Deal entailed obtaining a unique ASIC modification to allow the exercise of the Special Warrants to be deemed the offer of shares for Australian prospectus law and re-sale restriction purposes.
At the time Ivanhoe listed on the ASX in August 2008 it had a market capitalisation of A$625m.
Minter Ellison has acted for Ivanhoe Mines, the Canadian parent company of Ivanhoe Australia, on several capital raisings in Australia and other jurisdictions, such as the US$21.5m to US$170m sale of its interest in Savage River iron ore mine in Australia.
Deal completed 6 August 2008.