Stocks in Play

Turquoise Hill Resources

09:52 AM EST - Turquoise Hill Resources : entered into an agreement with majority shareholder Rio Tinto for a non-revolving bridge facility for up to $225 million U.S. maturing on August 12, 2013. In the event the Bridge Facility is not repaid in full at the maturity date or in case of an event of default under the terms of the bridge facility, at such time, Rio Tinto may convert any outstanding amounts into common shares at a price per share equal to 85% of the then prevailing five-day volume weighted average trading price of the shares on the New York Stock Exchange. Turquoise Hill Resources
shares T.TRQ are trading down $0.08 at $5.35.