Current Report Filing (8-k)
July 18 2014 - 5:05PM
Edgar (US Regulatory)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 18, 2014
IVANHOE ENERGY INC.
(Exact name of registrant as specified in its
charter)
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Yukon, Canada |
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000-30586 |
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98-0372413 |
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(State or Other Jurisdiction
of Incorporation) |
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(Commission File Number) |
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(I.R.S. Employer
Identification Number) |
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Suite 654 - 999 Canada Place |
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Vancouver, BC, Canada |
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V6C 3E1 |
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(Address of Principal Executive Office) |
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(Zip Code) |
(604) 688-8323
(Registrant’s telephone number, including
area code)
Not Applicable
(Former Name or Former Address, If Changed Since
Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14A-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Event.
On July 18, 2014, Ivanhoe Energy Inc. (the
“Company”) issued a press release announcing a special meeting of shareholder to be held on August 13, 2014. A copy
of this press release is furnished as Exhibit 99.1 to this report.
The
information furnished pursuant to Item 8.01 of this report, including Exhibit 99.1, shall not be deemed “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth
by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release dated July 18, 2014
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, thereunto
duly authorized.
Dated: July 18, 2014
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IVANHOE ENERGY INC. |
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By: |
“Greg G. Phaneuf” |
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Name: Greg G. Phaneuf
Title: Sr. VP Finance
and Chief Financial Officer |
Exhibit 99.1
Ivanhoe Energy Proposes Share Consolidation to Preserve NASDAQ Listing
CALGARY, July 18, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE) (NASDAQ:
IVAN) has scheduled a special meeting of shareholders to be held on August 13, 2014. The purpose of the special meeting is to give
shareholders the opportunity to approve a proposal to effect a share consolidation or reverse-split as a means of regaining compliance
with NASDAQ's minimum bid price requirements prior to September 2, 2014. Details of the proposal are included in the proxy materials
mailed to shareholders of record as of July 11, 2014. The proxy materials have also been filed on SEDAR and EDGAR.
The special meeting has been scheduled to preserve the Company's ability
to pursue the consolidation proposal as a viable alternative for regaining compliance with NASDAQ's minimum bid price requirements
in a timely manner. The schedule allows sufficient time for the dissemination of the proxy materials to shareholders and, if the
consolidation proposal is presented to the shareholders at the special meeting and approved, for the Company's post-consolidation
common shares to trade on NASDAQ for a sufficient period of time to re-establish compliance prior to the September 2 deadline.
There may be other alternatives that would permit the Company to regain
compliance without pursuing the consolidation proposal, such as the successful execution of a business opportunity resulting in
a material appreciation of the market price of the Company's common shares, but there is no assurance that any such alternatives
will be available in a timely manner. If, for any reason, the Company does not regain compliance with NASDAQ's minimum bid price
requirements in a timely manner because shareholders do not approve the consolidation proposal or for other reasons the Company's
common shares may become subject to delisting from NASDAQ. If the Company's common shares are ultimately delisted from NASDAQ the
Company intends to maintain its current listing on the Toronto Stock Exchange.
Ivanhoe Energy is an independent international heavy oil exploration and
development company focused on pursuing long-term growth in its reserves and production using advanced technologies, including
its proprietary heavy oil upgrading process (HTL®). Core operations are in Canada, United States, and Ecuador, with
business development opportunities worldwide. Ivanhoe Energy trades on the Toronto Stock Exchange with the ticker symbol IE and
on the NASDAQ Capital Market with the ticker symbol IVAN. For more information about Ivanhoe Energy Inc. please visit www.ivanhoeenergy.com.
FORWARD-LOOKING STATEMENTS: This document includes forward-looking
statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, but are not limited to the potential for commercialization and future application of the heavy
oil upgrading technology and other technologies, statements relating to the continued advancement of Ivanhoe Energy's projects,
statements relating to the timing and amount of proceeds of agreed upon and contemplated disposition transactions, statements relating
to anticipated capital expenditures, statements relating to the timing and success of regulatory review applications, and
other statements which are not historical facts. When used in this document, the words such as "could," "plan,"
"estimate," "expect," "intend," "may," "potential," "should," and similar
expressions relating to matters that are not historical facts are forward-looking statements. Although Ivanhoe Energy believes
that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties
and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors
that could cause actual results to differ from these forward-looking statements include the potential that the Company's projects
will experience technological and mechanical problems, new product development will not proceed as planned, the HTL®
technology to upgrade bitumen and heavy oil may not be commercially viable, geological conditions in reservoirs may not result
in commercial levels of oil and gas production, the availability of drilling rigs and other support services, uncertainties about
the estimates of reserves, the risk associated with doing business in foreign countries, environmental risks, changes in product
prices, our ability to raise capital as and when required, our ability to complete agreed upon and planned asset dispositions,
competition and other risks disclosed in Ivanhoe Energy's 2013 Annual Report on Form 10-K filed with the U.S. Securities and Exchange
Commission on EDGAR and the Canadian Securities Commissions on SEDAR.
SOURCE Ivanhoe Energy Inc.
%CIK: 0001106935
For further information:
Greg Phaneuf 1 (403) 261 1700
Bill Trenaman 1 (604) 331 9834
info@ivanhoeenergy.com
CO: Ivanhoe Energy Inc.
CNW 07:55e 18-JUL-14
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