Ivanhoe Energy to Proceed with 7:1 Share Consolidation to RegainrnCompliance with NASDAQ Listing Requirements

摘要

2014 AUG 29 (VerticalNews) -- By a News Reporter-Staff News Editor at Energy Business Journal -- Ivanhoe Energy (TSX: IE) (NASDAQ: IVAN) announced that it will proceed with the share consolidation as proposed in the Management Proxy Circular and approved at the Company's special meeting of shareholders on Wednesday August 13, 2014. Shareholders holding 51% of the Company's outstanding common shares attended the meeting in person or by proxy and 82% of the votes cast were in favour of the resolution. The Company's Board of Directors has selected a share consolidation ratio of one new common share for every seven existing common shares.