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Turquoise Hill has US$500 million in cash, studies Rio offer

Toronto-listed Turquoise Hill Resources has $500 million of available liquidity as it continues to consider an unsolicited proposal by Rio Tinto to buy out the firm’s remaining 49% shareholders for C$34 a share.

Turquoise Hill has US$500 million in cash, studies Rio offer Turquoise Hill has US$500 million in cash, studies Rio offer Turquoise Hill has US$500 million in cash, studies Rio offer Turquoise Hill has US$500 million in cash, studies Rio offer Turquoise Hill has US$500 million in cash, studies Rio offer

Turquoise Hill faces more funding need

The firm's US$500 million of liquidity in cash and cash equivalents, together with access to funding under a heads of agreement with Rio Tinto, will meet its minimum obligations for at least 12 months

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