Turquoise Hill plans rights offering for Oyu Tolgoi

Thu Nov 14, 2013 9:01am EST
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Nov 14 (Reuters) - Turquoise Hill Resources Ltd said on Thursday it is planning a new rights offering, citing uncertainty around talks with the Mongolian government that has delayed financing for the expansion of the Oyu Tolgoi mine.

Vancouver-based Turquoise Hill, 66-percent owner of the massive copper-gold mine run by Rio Tinto , said it has filed a preliminary prospectus for the offering. Rights offerings raise funds from existing shareholders.