Ivanplats Conducting Strategic Process for Early Lock-Up Release Transaction
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/22/13 -- Ivanplats
(TSX:IVP) announced today that the first Class A Common Shares that
have been held under a six-month lock-up agreement in connection with
the company's October 2012 initial public offering (IPO) are being
released on April 22 and 23, 2013. In addition, the company also will
release the first tranche of 12 quarterly Class A Common Shares,
after their conversion from Restricted Class B Shares.
Ivanplats has made a commitment that, starting on or about the date
of this first release, it would consider transactions by which
locked-up Class A Common Shares could be released early and sold to
designated purchasers. Ivanplats recently identified a potential
transaction structure that would accomplish this objective, subject
to prevailing commercial and market factors. The transaction is under
detailed consideration and regulatory review at this time.
Ivanplats (TSX:IVP), with offices in Canada, the United Kingdom and
South Africa, is advancing and developing its three principal
-- The Kamoa copper discovery by Ivanplats in 2009, in a previously unknown
extension of the Central African Copperbelt in the Democratic Republic
of Congo (DRC).
-- The Platreef Discovery of platinum-group elements, nickel, copper and
gold by Ivanplats on the Northern Limb of the Bushveld Complex in South
Africa. In 2010, Ivanplats discovered the "Flatreef" , a zone of high-
grade mineralization that lies within a flat to gently dipping portion
of the Platreef and potentially is amenable to selective underground
-- The historic, high-grade Kipushi zinc-copper mine, also on the
Copperbelt in the DRC and now being dewatered and upgraded to support a
future return to production of copper, zinc and other metals following a
care-and-maintenance program conducted between 1993 and 2011.
Ivanplats also is evaluating other opportunities as part of its
objective to become a broadly based international mining company.
Statements in this release that are forward-looking statements are
subject to various risks an
d uncertainties concerning the specific
factors disclosed here and elsewhere in the company's periodic
filings with Canadian securities regulators. When used in this
document, the words such as "could", "plan", "estimate", "expect",
"intend", "may", "potential", "should" and similar expressions, are
forward-looking statements. Information provided in this document is
necessarily summarized and may not contain all available material
Statements in this release that constitute forward-looking statements
or information include, but are not limited to: (1) statements
regarding Ivanplats considering transactions by which locked-up Class
A Common Shares could be released early and sold to designated
purchasers; and (2) statements regarding a potential transaction
structure that would accomplish this objective, subject to prevailing
commercial and market factors.
All such forward-looking information and statements are based on
certain assumptions and analyses made by Ivanplats' management in
light of their experience and perception of historical trends,
current conditions and expected future developments, as well as other
factors management believes are appropriate in the circumstances.
These statements, however, are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking information or statements. Important factors that
could cause actual results to differ from these forward-looking
statements include those described under the heading "Risks and
Uncertainties" in the company's 2012 MD&A and Annual Information
Form. Readers are cautioned not to place undue reliance on
forward-looking information or statements.
Ivanplats Limited - Investors
Ivanplats Limited - Media, North America
Ivanplats Limited - Media, South Africa
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