Ivanhoe Energy closes Can$50 million bought deal public offering

Ivanhoe Energy Inc. confirmed the closing of its previously announced bought deal public offering of Can$50,000,000 principal amount of 5.75% convertible unsecured subordinated debentures at a price of Can$1,000 per Debenture.

Ivanhoe Energy is an international heavy-oil development and production company. Core operations are in Canada, Ecuador, China and Mongolia, with business development activities worldwide.