Public market insider buying at Turquoise Hill Res (TRQ)

Public market insider buying at Turquoise Hill Res (T:TRQ)

Matthew Charles Halbower, a 10% Holder, acquired 2,719,600 Common Shares on a control or direction basis for registered holder Various funds and accounts managed by Pentwater Capital Management LP or its affiliates at prices ranging from US$30.882 to US$31.167 between September 13th, 2022 and September 15th, 2022. The insider also acquired 749,400 Common Shares on a control or direction basis for registered holder Various funds and accounts managed by Pentwater Capital Management LP or its affiliates at prices ranging from $40.202 to $41.193 between September 13th, 2022 and September 15th, 2022. This represents a $141,896,335 investment into the company's shares and an account share holdings change of 16.0%.

Turquoise Hill Res is in the Diversified Mining Sub Industry Group under the Basic Materials Sector.

Turquoise Hill Resources Ltd. is a Canada-based international mining company. The Company is focused principally on the operation and further development of the Oyu Tolgoi copper-gold mine in Southern Mongolia. The Company operates through one segment: Oyu Tolgoi. The Oyu Tolgoi is a new copper-gold mine and is located in the South Gobi region of Mongolia, approximately 550 kilometers (km) south of the capital, Ulaanbaatar, and 80 km north of the Mongolia-China border. The Company's Oyu Tolgoi has five mineralized deposits, which include the Oyut deposit, Hugo North (Lift One) Hugo North (Lift Two), Hugo South, and Heruga. The Oyu Tolgoi mine is held through a 66% interest in Oyu Tolgoi LLC; the remaining 34% interest is held by Erdenes Oyu Tolgoi LLC.