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InterOil Corporation Message Board

  • lee.becky15 lee.becky15 Jun 4, 2012 9:24 AM Flag

    Chandlers Press release Today

    Richard Chandler Corporation Announces Acquisition of Shares of InterOil

    SINGAPORE, June 4, 2012 /CNW Telbec/ - The Richard Chandler Corporation
    announced today that Orchid Fund Pte Limited ("Orchid") has, on June 1, 2012,
    acquired beneficial ownership of 187,351 common shares (the "Acquired Shares")
    of the capital of InterOil Corporation (the "Issuer"), which represent
    approximately 0.3889% of the issued and outstanding common shares of the
    Issuer. As a result of this acquisition, Orchid's shareholding in the Issuer
    is now an aggregate of 6,990,724 common shares of the capital of the Issuer,
    which represents approximately 14.51% of the issued and outstanding common
    shares of the Issuer. The Acquired Shares were purchased on the New York Stock
    Exchange at an average price of US$66.0039 per common share.

    As a result of this acquisition and applicable Canadian securities laws, each
    of Richard Chandler Capital Corporation ("RCCC"), RCCC's sole shareholder,
    Cosimo Management Limited (in its capacity as trustee of the R. F. Chandler
    Capital Trust, a discretionary trust) and RCCC's direct wholly-owned
    subsidiary, Richard Chandler Capital Corporation Pte Limited (which owns all
    of the shares of Orchid), is deemed to beneficially own the Acquired Shares.

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