Richard Chandler Corporation Announces Acquisition of Shares of InterOil Corporation
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.