VANCOUVER, Feb. 23, 2015 /CNW/ - Ivanhoe Energy Inc.
(TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced today that the
company received a letter, dated February
20, 2015, from the Listing Qualifications Department of The
Nasdaq Stock Market informing the company that, after reviewing the
company's news release dated February 20,
2015 regarding its determination to file a Notice of
Intention to Make a Proposal pursuant to the provisions of Part III
of the Bankruptcy and Insolvency Act and such other information as
is publicly available, and in accordance with Nasdaq listing rules,
the company's securities will be delisted from The Nasdaq Stock
Market.
Accordingly, unless the company requests an appeal of this
determination, trading of the company's common stock will be
suspended at the opening of business on March 3, 2015, and a Form 25-NSE will be filed
with the Securities and Exchange Commission, which will remove the
company's securities from listing and registration on The Nasdaq
Stock Market. The company does not intend to appeal the
determination.
Ivanhoe Energy is an independent international heavy-oil
exploration and development company focused on pursuing long-term
growth using advanced technologies, including its proprietary
heavy-oil upgrading process (HTL®). For more information
about Ivanhoe Energy Inc., please visit www.ivanhoeenergy.com.
SOURCE Ivanhoe Energy Inc.