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BRIEF-Rio Tinto says to sell Mason Resources Corp stake
August 4, 2017 / 1:11 PM / 4 months ago

BRIEF-Rio Tinto says to sell Mason Resources Corp stake

Aug 4 (Reuters) - Rio Tinto Plc:

* RIO TINTO TO SELL MASON RESOURCES CORP. SHAREHOLDING

* RIO TINTO HOLDINGS AND TURQUOISE HILL HAVE AGREED TO SELL, RESPECTIVELY 7.5 MLN COMMON SHARES AND 6.2 MLN COMMON SHARES OF MASON RESOURCES CORP

* ‍SALE AT A PRICE OF $0.20 PER SHARE IN CASH FOR AN AGGREGATE PURCHASE PRICE OF $2.7 MLN​

* SHARES TO BE SOLD BY RIO TINTO HOLDINGS AND TURQUOISE HILL COLLECTIVELY REPRESENTED APPROXIMATELY 17.56 PER CENT OF OUTSTANDING MASON SHARES

* ‍AFTER GIVING EFFECT TO FOREGOING SALE, RIO TINTO WILL NO LONGER OWN (OR BE DEEMED TO BENEFICIALLY OWN) ANY MASON SHARES​

* ‍SALE OF MASON SHARES IS EXPECTED TO BE COMPLETED WITHIN NEXT SEVEN DAYS​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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