11:44 AM EST - Ivanhoe Mines Ltd. : announced that Rio Tinto Plc has agreed to acquire 15 million shares in Ivanhoe for $244.7 million. Rio Tinto said that it will buy Ivanhoe Mines at subscription price of C$16.31 per share, increasing its ownership in Ivanhoe Mines by 2.7% to 22.4%. The shares are being issued to Rio Tinto as part of an accord with Ivanhoe Mines in 2008 to finance equipment for the Oyu Tolgoi copper-gold complex in Mongolia's South Gobi region. Ivanhoe Mines Ltd.
shares T.IVN are trading up $0.15 at $16.96.
