Exchange Bulletin
Ivanhoe Electric Inc. (IE) To Trade On 兔子先生
June 28, 2022
| Issuer: | Ivanhoe Electric Inc. (the "Company") |
| Security: | Common stock ("Common Shares") |
| Symbol: | IE |
| Issue price per security: | US$11.75 |
| Number of securities issued and outstanding: | 92,887,918 |
| Number of securities reserved for issuance: | 11,399,139 |
| Listing category: | Mining, Non-Exempt Issuer |
| Trading currency: | CDN $ |
| Transaction: | Initial public offering of Common Shares (the "Offering") |
| Listing date: | June 29, 2022 (as at 5:01 p.m.) in anticipation of closing of the Offering |
| Anticipated closing date: | June 30, 2022 (prior to the opening) |
| Posted for trading date: | June 30, 2022 (at the opening) subject to confirmation of closing of the Offering |
| End of trading on an "if, as and when issued" basis: | The Common Shares commenced trading on TSX on an "if, as and when issued" basis on Tuesday, June 28, 2022. Subject to the closing of the Offering occurring as scheduled prior to the opening of business on Thursday, June 30, 2022, trading on an "if, as and when issued" basis will conclude at the close of business on Wednesday, June 29, 2022, unless the closing of the Offering has been delayed. Upon closing of the Offering, a trader note will be issued to confirm that trading on an "if, as and when issued" basis has concluded. |
| Other market(s): | NYSE American |
| Temporary market maker: | Citadel Securities Canada ULC |
| Security ownership registration: | Non-certificated inventory system |
| Investor relations: | Evan Young Vice President, Corporate Development (647) 808-2141 evan.y@ivanhoeelectric.com OR Sam Kenny Secretary (604) 331-9847 sam@ivancorp.net |
| Incorporation: | Delaware, United States |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is a United States domiciled minerals exploration and development company with a focus on developing mines from mineral deposits principally located in the United States. |
| Transfer agent and registrar: | Computershare Investor Services Inc. at its offices in Canton, Massachusetts and Vancouver, British Columbia. |
| Dividends: | The Company does not intend to pay dividends on its Common Shares for the foreseeable future. |
| Sponsorship: | Waived |
| Disclosure document: | The Company's supplemented PREP prospectus to be dated June 27, 2022 (the "Supplemented PREP Prospectus"), which will be available at . Capitalized terms not otherwise defined herein are as defined in the Supplemented PREP Prospectus. |
| Initial public offering: | 14,388,000 Common Shares are being offered to the public at a price of US$11.75 per Common Share (the "Offering Price") for total gross proceeds to the Company of US$169,059,000. In addition, the Company has granted the Underwriters an over-allotment option pursuant to which the Underwriters may purchase up to 2,158,200 additional Common Shares at the Offering Price. The syndicate of underwriters in Canada is comprised of 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 in United States, BMO Capital Markets Corp., Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., RBC Capital Markets, LLC and Scotia Capital (USA) Inc. |
| Additional Information: | See TSX Bulletin 2022-0500 dated June 22, 2022 and the TSX Trader Note issued at 7:17 a.m. (Toronto time) on Tuesday, June 28, 2022 for more information regarding the commencement of trading of IE on an "if, as and when issued" basis. |
| TSX contact: | Anne Child, Director, TSX Listings |