Mongolian Mining repurchases $22.12 million of perpetual securities

By Devika Patel

Knoxville, Tenn., July 12 – Mongolian Mining Corp. said it repurchased $22,120,234 of its perpetual securities (ISIN: XS1599078059) for $7,742,081.90 in cash in the open market for $350 per $1,000 perpetual security, according to a notice.

Following this, there are $148,907,920 of outstanding perpetual securities remaining.

The company said it will continue to monitor market conditions and may make further repurchases when appropriate.

Mongolian Mining is an Ulaanbaatar, Mongolia-based coking coal producer and exporter.

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