10% holder buying at Turquoise Hill Resources (TRQ)

10% holder buying at Turquoise Hill Resources (T:TRQ)

Matthew Charles Halbower, a 10% Holder, acquired 421,000 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 $40.910 to $41.052 between September 20th, 2022 and September 22nd, 2022. The insider also acquired 129,000 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 $30.351USD to $30.727USD between September 20th, 2022 and September 22nd, 2022. This represents a $22,516,586 investment into the company's shares and an account share holdings change of 2.2%.

Turquoise Hill Resources 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.