IterOil Files Preliminary Base Shelf Prospectus

InterOil Corporation filed a preliminary short form base shelf prospectus with the Ontario Securities Commission and a corresponding registration statement on Form F-10 with the United States Securities and Exchange Commission (the "SEC") pursuant to the multi-jurisdictional disclosure system.

These filings will enable the Company to add financial flexibility in the future and issue, from time to time, up to $200 million of its debt securities, common shares, preferred shares and/or warrants ("Securities") in one or more offerings. The preliminary base shelf prospectus and the registration statement are subject to completion. There will not be any sales or acceptances of an offer to buy any securities until a receipt for the final short form base shelf prospectus has been issued and the registration statement has been declared effective.

The Company is not required to offer or sell all or any portion of the Securities in the future and will do so only if market conditions warrant. The terms of any offering under the base shelf prospectus and registration statement will be established at the time of such offering and described in a prospectus supplement.

The proceeds from any offering of securities may be used for any or all of the following purposes:

  • Development of the Elk/Antelope Gas and Condensate facilities;
  • Development of a Liquid Natural Gas facility; and
  • Strategic acquisitions.

The specific use of proceeds from the sale of the Securities will be described in a prospectus supplement filed at the time of an offering.



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