LONDON, United Kingdom, July 30, 2012 /CNW Telbec/ - Rio Tinto acquired 133,571,192 common shares under Ivanhoe's rights offering at a total cost of US$934,998,344 or US$7.00 per share. The purchase represents approximately 51 per cent of the common shares offered under the rights offering. The rights offering, which closed today, was fully subscribed. Prior to the completion of the rights offering, Rio Tinto owned 377,397,658 common shares of Ivanhoe representing approximately 51 per cent of the outstanding common shares. Upon the completion of the rights offering, Rio Tinto owned 510,968,850 common shares representing approximately 51 per cent of the outstanding common shares. Rio Tinto also owns 74,247,460 Series D Warrants of Ivanhoe after adjustment to give effect to the rights offering. If Rio Tinto were to fully exercise the Series D Warrants, Rio Tinto would acquire an additional 74,247,460 common shares. Following such issuance, Rio Tinto would own 585,216,310 common shares representing 54.4 per cent of the outstanding common shares. Rio Tinto has anti-dilution rights that permit it to acquire additional securities of Ivanhoe so as to maintain its proportional equity interest in Ivanhoe. Rio Tinto also has the right, until 24 October 2012, to acquire additional Ivanhoe securities under its equity financing right of first offer. The purpose of Rio Tinto acquiring additional shares under Ivanhoe's rights offering was to honour its contractual obligations to Ivanhoe and to provide additional funding to Ivanhoe to ensure the timely development of Ivanhoe's Oyu Tolgoi copper-gold mine in Mongolia. Rio Tinto has no present intention of acquiring additional securities of Ivanhoe. Depending upon its evaluation of the business, prospects and financial condition of Ivanhoe, the market for Ivanhoe's securities, general economic and tax conditions and other factors, Rio Tinto may acquire or sell some or all of the securities of Ivanhoe.