Vancouver’s Ivanhoe Energy Inc. says that the company’s working capital has been augmented by a further US$540,000 (approximately C$626,000) provided by founder Robert Friedland.
The new funds are in addition to the US$2.2 million (roughly C$2.4 million) secured bridge loan provided by Friedland in October 2014, and brings the principal amount of Friedland’s short-term loan to US$2.74 million.
The company will make additional disclosure respecting the status of its strategic and financial review process once the board of directors decides to pursue a specific transaction or series of transactions or otherwise determines that disclosure is necessary or appropriate.
