February 20, 2015 / 2:03 PM / 2 years ago

BUZZ-Ivanhoe Energy Inc: To file for bankruptcy protection in Canada

1 Min Read

** Canadian oil and gas company's U.S.-listed shares down 63 pct at $0.26

** Company, operates in Canada, the United States and Ecuador, says it will file for bankruptcy protection in Canada

** Ivanhoe, which recently secured a bridge loan of $2.37 mln from founder Robert Friedland, said failure to achieve financing and restructuring goals would result in the company going bankrupt

** Up to Thursday's close, Ivanhoe's Toronto-listed stock had fallen nearly 14 pct since the company flagged "going concern" doubts in December

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below