| Home : July 2012 : July 30, 2012 News : Ivanhoe Australia Secures US$50 Million Working Capital Facility |
Ivanhoe Australia Secures US$50 Million Working Capital Facility |
July 30, 2012
MELBOURNE, AUSTRALIA--(Marketwire - July 29, 2012) - Ivanhoe Australia Limited (TSX:IVA)(ASX:IVA) today announced that its majority shareholder, Ivanhoe Mines Limited, will support Ivanhoe Australia by providing a secured, twelve-month working capital facility to the Company of up to US$50 million.
"This line of credit will provide additional funding for working capital as our strategic review process continues," CEO Inés Scotland commented.
http://www.marketwire.com/mw/release.do?id=1684837&sourceType=3
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