Ivanhoe Energy Inc. has completed the C$88 million private placement that was announced on June 6, 2008.
The financing, consisting of C$3.00 special warrants, will be used to make the initial payment required under Ivanhoe Energy's agreement with Talisman Energy Canada to acquire Talisman's interests in certain leases in
The financing, originally targeted at C$50 million, subsequently was increased to C$88 million due to significantly increased expressions of interest from institutional investors.
Subject to regulatory approval and satisfaction of all conditions precedent, the private placement is expected to close contemporaneously with the closing of the acquisition of the oilsands leases on July 11th, 2008.
The securities offered were not registered under the U.S. Securities Act of 1933 and could not be offered or sold in the U.S. without registration or an applicable exemption from registration requirements.
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