June 11, 2018 / 1:48 PM / 2 months ago

BUZZ-Ivanhoe Mines Ltd: China's CITIC to buy 20 pct stake

** Canadian copper miner’s shares up 11 pct at C$3.59, their highest in more than 4 months

** Chinaese conglomerate CITIC to buy a 19.9 pct stake in IVN for C$723 mln

** IVN says will use proceeds to advance projects in southern Africa, including in the Democratic Republic of Congo

** Co to issue 196.6 mln shares to CITIC Metal at C$3.68 per share in private placement

** Up to Friday’s close, stock had fallen 23.8 pct this year (Reporting by Karan Nagarkatti)

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