Current Report Filing (8-k)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 3, 2015

 

IVANHOE ENERGY INC.

 

(Exact name of registrant as specified in its charter)

Yukon, Canada		000-30586		98-0372413
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

 

Suite 654 – 999 Canada Place
Vancouver, BC, Canada		V6C 3E1
(Address of Principal Executive Office)		(Zip Code)

[phone]

 

(Registrant’s telephone number, including area code)

Not Applicable

 

(Former Name or Former Address, If Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14A-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard.

 

On February 3, 2015, Ivanhoe Energy Inc. (the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department of the NASDAQ Stock Market (“NASDAQ”) notifying the Company that following the resignation of Mr. Robert Pirraglia from the board of directors on January 18, 2015, the Company fails to comply with NASDAQ Listing Rule 5605 which requires a listed company to have an audit committee comprised of at least three independent members.

 

Consistent with Listing Rules 5605(c)(4), NASDAQ will provide the Company a cure period in order to regain compliance as follows:

• until the earlier of the Company’s next annual shareholders’ meeting or January 18 , 2016; or
• if the next annual shareholders’ meeting is held before July 17, 2015, then the Company must evidence compliance no later than July 17, 2015.

 

On February 6, 2015, the Company issued a press release announcing receipt of the Notice. A copy of this press release is furnished as Exhibit 99.1 to this report.

 

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

99.1 Press Release dated February 6, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated:  February 11, 2015

 

 

		IVANHOE ENERGY INC.
		By:	/s/ William Parry
			Name:  William Parry Title:    Senior Vice President and General Counsel

 

Exhibit Index

Exhibit Number		Exhibit Title or Description
99.1		Press Release dated February 6, 2015

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 99.1

 

Ivanhoe Energy receives Nasdaq deficiency letter relating to audit committee

VANCOUVER, Feb. 6, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; Nasdaq: IVAN) (TSX: IE.DB) received a letter, dated February 3, 2015, from the Listing Qualifications Department of the NASDAQ Stock Market (Nasdaq) indicating that following the resignation of Robert Pirraglia from the company's board of directors on January 18, 2015, as disclosed in the company's January 19, 2015 news release, the company fails to comply with Listing Rule 5605.

Listing Rule 5605 requires a listed company to have an audit committee comprised of at least three independent members. Mr. Pirraglia's resignation reduced the number of independent directors on the company's audit committee from three to two.

The Nasdaq letter provides that, consistent with Listing Rule 5605(c)(4), Nasdaq will grant the company the following cure period to regain compliance with the audit committee membership requirements: (i) until the earlier of the company's next annual shareholders' meeting or January 18, 2016; or, (ii) if the next annual shareholders' meeting is held before July 17, 2015, then the company must evidence compliance no later than July 17, 2015.

Ivanhoe Energy is an independent international heavy oil exploration and development company focused on pursuing long-term growth using advanced technologies, including its proprietary heavy oil upgrading process (HTL^®). For more information about Ivanhoe Energy Inc. please visit www.ivanhoeenergy.com.

FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions relating to matters that are not historical facts are forward-looking statements. Although Ivanhoe Energy believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements and other risks are disclosed in Ivanhoe Energy's 2013 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on EDGAR and the Canadian Securities Commissions on SEDAR.

SOURCE Ivanhoe Energy Inc.

%CIK: 0001106935

For further information: Investors: Bill Trenaman, +1.604.331.9834; Media: Bob Williamson, +1.604.512.4856

CO: Ivanhoe Energy Inc.

CNW 17:30e 06-FEB-15