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Ivanhoe Energy to Increase Private Placement to Cdn.$88 Million.

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PR Newswire
Article date:
June 17, 2008
| Copyright information

CALGARY, June 17 /PRNewswire-FirstCall/ -- Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that it is increasing the private placement announced on June 6 to Cdn.$88 million due to significantly increased expressions of interest from institutional investors. The price for the offering has been set at Cdn.$3.00 per special warrant. Ivanhoe Energy announced on June 6 that it was intending to raise up to Cdn.$50 million.

Private placement allocations based on expressions of interest received to date remain subject to completion of formal documentation. The proceeds will be used by Ivanhoe Energy to make the initial payment of Cdn.$30 million required under the ...

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