09:44:08 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Ivanhoe Electric Inc
Symbol IE
Shares Issued 92,887,918
Close 2022-06-28 C$ 14.00
Market Cap C$ 1,300,430,852
Recent Sedar Documents

Ivanhoe Electric to trade on TSX June 30

2022-06-29 00:00 ET - New Listing

The Toronto Stock Exchange reports that Ivanhoe Electric Inc. will be listed at 5:01 p.m. on June 29, 2022, for trading at the open on June 30, 2022. According to the TSX, there will be 92,887,918 common shares of the company issued and outstanding, and 11,399,139 shares reserved for issuance. The shares will trade under the symbol IE, in Canadian dollars and with Cusip No. 46578C 10 8.

The TSX notes that the shares of the company began trading on an if, as and when-issued basis on June 28, 2022. Subject to the company's initial public offering closing as scheduled before the open on June 30, 2022, trading on an if, as and when-issued basis will conclude at the close on June 29, 2022. Upon the closing of the offering, the TSX will issue a bulletin to confirm that trading on an if, as and when-issued basis has concluded.

According to the TSX, Ivanhoe Electric is a United States-domiciled minerals exploration and development company with a focus on developing mines from mineral deposits principally located in the U.S. The company does not intend to pay dividends on its shares in the foreseeable future. Its transfer agent and registrar is Computershare Investor Services Inc. at its offices in Canton, Mass., and Vancouver, B.C. Its fiscal year-end is Dec. 31 and the temporary market-maker is Citadel Securities Canada ULC.

As stated in its preliminary prospectus, Ivanhoe Electric will issue 14,388,000 shares to the public, at an offering price expected to be between $11.75 (U.S.) and $12.50 (U.S.) per share, for gross proceeds to the company of approximately $169-million (U.S.) to $180-million (U.S.). The company has also granted the underwriters an option to purchase up to an additional 2,158,200 shares at a price equal to the public offering price, to cover overallotments, if any, up to 30 days following the date of the final base PREP prospectus. The syndicate of underwriters in Canada comprises BMO Nesbitt Burns Inc., Jefferies Securities Inc., J.P. Morgan Securities Canada Inc., Raymond James Ltd., RBC Dominion Securities Inc. and Scotia Capital Inc., and the syndicate of underwriters in the U.S. comprises BMO Capital Markets Corp., Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates Inc., RBC Capital Markets LLC, and Scotia Capital (USA) Inc.

For more information, see the TSX bulletin dated June 22, 2022.

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