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The Globe and Mail

Ivanhoe to issue $50-million in convertible debentures

Ivanhoe Energy Inc. , a Calgary company that develops new heavy oil technologies, plans to raise $50-million in a public offering of convertible debentures.

The offering is slated to close June 9.

Ivanhoe Energy is developing a proprietary heavy oil upgrading process at its main operations in Canada, Ecuador, China and Mongolia.

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