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Ivanhoe Energy Inc.

09:59 AM EST - Ivanhoe Energy Inc. : said that it will proceed with the share consolidation as proposed in the Management Proxy Circular and approved at the company's Annual General Meeting on April 22. The company's Board of Directors subsequently approved a share consolidation ratio of one new common share for every three existing common shares. Ivanhoe Energy Inc.
shares T.IE are trading down $0.01 at $0.51.