Globe says Ivanhoe acquires portfolio of royalty interests
Ivanhoe Energy Inc IE
Shares issued 89,727,767 Sep 7 close $4.43
Wed 8 Sept 99 In the News
The Globe and Mail reports in its Tuesday, Sept. 8, edition that Ivanhoe
Energy has acquired a portfolio of royalty interests on properties in
California's southern San Joaquin Valley which, the company says, will form
the nucleus of a new operating subsidiary. The Globe's News Bulletins
column reports that Ivanhoe purchased the royalty interests for $860,000
(U.S.) in cash and 1,561,352 Ivanhoe shares, and obtained an option to
acquire royalty interests for $1.5-million, payable in cash or shares, on
or before March 1, 2000.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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