Exchange Bulletin

Ivanhoe Electric Inc. (IE) To Trade On Toronto Stock Exchange

June 22, 2022
Issuer: Ivanhoe Electric Inc. (the "Company")
Security: Common stock ("Common Shares")
Symbol: IE
Trading Currency: CDN $
Transaction: An application has been conditionally approved by Toronto Stock Exchange ("TSX") for the listing of Common Shares of the Company, subject to completion of a proposed initial public offering (the "Offering") of these securities as described in the Company's amended and restated preliminary base PREP prospectus dated June 16, 2022 (the "Prospectus"). It is anticipated that, in the next few days, the Company will file a final base PREP prospectus and a supplemented PREP prospectus for its Offering of Common Shares.
As soon as possible after the final base PREP prospectus is cleared by the relevant securities regulatory authorities and a supplemented PREP prospectus is filed, TSX will post the Common Shares for trading on an "if, as and when issued" basis under the trading information set out herein. Before the Common Shares are posted for trading on such basis, TSX will issue a trader note confirming both the pricing and the expected closing date for the Offering (the "Closing Date"). If and when the Offering closes, the Common Shares will be listed on TSX.
Temporary market maker: Citadel Securities Canada ULC
Other markets: NYSE American
Settlement: Subject to the closing of the Offering: (i) all trades in "IE" on and before the third trading day preceding the Closing Date will be for special settlement on the Closing Date and will appear on the Settlement Report from CDS Clearing and Depository Services Inc. ("CDS"); and (ii) all trades in "IE" for each of the two trading days preceding the Closing Date will be for special settlement two business days after the trade date and will appear on the Settlement Report from CDS. If the Offering does not close, all of the "if, as and when issued" trades will be cancelled. No securities will be delivered and no money will be owed by purchasers to sellers.
Parties who are entitled to receive Common Shares under the Offering may sell such securities in the "if, as and when issued" market without being subject to restrictions on short sales. Parties who are not entitled to receive Common Shares under the Offering must comply with the short sale rule in all respects for any sales they make in the "IE" "if, as and when issued" market.
If and when the Offering closes, there will be no further trading in "IE" on an "if, as and when issued" basis and the Common Shares issued at such closing will trade on a regular settlement basis.
Listing category: Mining, Non-Exempt Issuer
Security ownership registration: Non-certificated inventory system
Investor relations: Evan Young
Vice President, Corporate Development
(647) 808-2141
Sam Kenny
(604) 331-9847
Incorporation: Delaware, United States
Fiscal year end: December 31
Nature of business: The Company is a United States domiciled minerals exploration and development company with a focus on developing mines from mineral deposits principally located in the United States.
Transfer agent and registrar: Computershare Investor Services Inc. at its offices in Canton, Massachusetts and Vancouver, British Columbia.
Dividends: The Company does not intend to pay dividends on its Common Shares for the foreseeable future.
Sponsorship: Waived
Disclosure document: The Prospectus is available at Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: 14,388,000 Common Shares will be offered to the public at an offering price expected to be between US$11.75 and US$12.50 per Common Share, for gross proceeds to the Company of approximately US$169 million to US$180 million. The Company has also granted the Underwriters an option to purchase up to an additional 2,158,200 Common Shares at a price equal to the public offering price, to cover over-allotments, if any, up to 30 days following the date of the final base PREP prospectus.
The syndicate of underwriters in Canada is comprised of BMO Nesbitt Burns Inc., Jefferies Securities, Inc., J.P. Morgan Securities Canada Inc., Raymond James Ltd., RBC Dominion Securities Inc. and Scotia Capital Inc., and in United States, BMO Capital Markets Corp., Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., RBC Capital Markets, LLC and Scotia Capital (USA) Inc.
TSX contact: Anne Child,
TSX Listings