News: RIO Turquoise Hill Announces An Update On Funding Discussions With Rio Tinto

Sept 10 (Reuters) - Turquoise Hill Resources Ltd TRQ.TO :

• TURQUOISE HILL ANNOUNCES AN UPDATE ON FUNDING DISCUSSIONS WITH RIO TINTO
• TURQUOISE HILL RESOURCES LTD - ON SEPTEMBER 9, CO AND RIO TINTO SIGNED A NON-BINDING MOU CONCERNING FUNDING OF OYU TOLGOI
• TURQUOISE HILL - MOU REFLECTS PARTIES' UNDERSTANDING TO PURSUE RE-PROFILING OF EXISTING PROJECT DEBT IN LINE WITH CURRENT CASH FLOW PROJECTIONS
• TURQUOISE HILL RESOURCES LTD - MOU DEFERS SCHEDULED PRINCIPAL REPAYMENTS AND EXTENDS TENORS
• TURQUOISE HILL RESOURCES LTD - MOU ALSO REFLECTS PARTIES' UNDERSTANDING WITH RESPECT TO RAISING OF SUPPLEMENTAL SENIOR DEBT
• TURQUOISE HILL RESOURCES - CO, RIO TINTO WILL JOINTLY PURSUE RE-PROFILING PROCESS BY ENGAGING WITH OYU TOLGOI'S EXISTING PROJECT FINANCE LENDERS
• TURQUOISE HILL RESOURCES - EXPECT SUCCESSFUL RE-PROFILING WOULD REDUCE CURRENTLY-PROJECTED FUNDING REQUIREMENTS OF OYU TOLGOI BY UP TO $1.4 BILLION
• TURQUOISE HILL - RIO TINTO T DOES NOT CURRENTLY SUPPORT/EXPECT TO CONSENT TO ADDITIONAL DEBT/OTHER NON-EQUITY SOURCES OF FUNDING AT CO OR OYU TOLGOI
• TURQUOISE HILL RESOURCES LTD - CO, RIO TINTO ACKNOWLEDGED BALANCE OF FUNDING GAP WILL NEED TO BE SATISFIED BY WAY OF A TRQ EQUITY OFFERING