CALGARY, July 16, 2015 /PRNewswire/ – Pursuant to an order of the Court of Queen's Bench of Alberta (the “Court”) made June 16, 2015, KPMG Inc. in its capacity as Court-appointed receiver (the “Receiver”) of Ivanhoe Energy Inc. (“Ivanhoe” or the “Company”), is soliciting written proposals for the acquisition of the Company's assets and/or shares, in accordance with a sale and investor solicitation process approved by the Court on July 13, 2015, either en bloc or parts thereof.
Primary assets offered for sale include the following:
In addition to the three principal assets, Ivanhoe also holds oil and gas exploration and production rights in Mongolia.
The assets are being sold on an “as is-where is” basis and the Receiver provides no representations or warranties, express or implied, with respect to title, condition or fitness for use.
Interested parties must be qualified by the Receiver in order to participate in the process and are required to submit non-binding indications of interest by no later than 5:00 p.m. Mountain Time on August 28, 2015.
To obtain further details about bid qualification, or the process in general, please contact Ms. Pinky Law at +1 (604) 691-3051 or plaw@kpmg.ca or Ms. Jennifer Lin at +1 (403) 691-4263 or jlin5@kpmg.ca and/or visit the Receiver's website (www.kpmg.ca/ivanhoe-energy).
SOURCE KPMG INC