New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 16, 2014
07:46 EDTIVANIvanhoe Energy announces CFO and VP of Finance Gerald Schiefelbein resigns
Schiefelbein is leaving the company to accept a leadership role with another company. The resignation is effective May 31 and he will continue in the role until that date to assist the company with the transition to a new CFO.
News For IVAN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 12, 2014
07:31 EDTIVANIvanhoe Energy engaged in process with advisors to address capital structure
Ivanhoe Energy announced that the company's board has been engaged in a process with its financial advisors to devise and implement a strategy to address Ivanhoe's liquidity, funding requirements and capital structure. Strategic and financial alternatives under consideration are focused on relieving the financial burden of the company's current debt structure and obtaining additional financing necessary to fund ongoing operations. The alternatives under discussion and review include the sale of all or a portion of the company's assets, recapitalization, debt restructuring or a combination of the foregoing. The company also announced that it does not expect to make the cash interest payment of approximately $1.8M due on December 31, 2014 in respect of its outstanding 5.75% convertible unsecured subordinated debentures. As previously disclosed in the company's Form 10-Q Interim Report for the period ended September 30, 2014, material uncertainty exists as to the company's ability to access additional financing. Without timely access to additional financing, there is significant doubt as to the company's ability to continue as a going concern.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use