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TORONTO – International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has amended the terms of its previously announced substantial issuer bid (the Offer) to purchase for cancellation up to CDN$128 million (equivalent to approximately US$100 million and SEK 990 million as at the date of the Corporation’s announcement of its intention to commence the Offer) of its common shares (Shares) in order to increase the price range at which Shares may be tendered to the Offer. The Offer is being amended to increase the price range offered to Shareholders who tender their Shares pursuant to the Offer to a price of not less than CDN$13.50 per Share (equivalent to approximately SEK 105.5 per Share) and not more than CDN$15.50 per Share (equivalent to approximately SEK 121.1 per Share) (the “ New Range “). The New Range varies the original price range of not less than CDN$12.00 (equivalent to approximately SEK 92.8 as at the date prior to the date prior to the commencement date of the Offer) and not more than CDN$14.00 (equivalent to approximately SEK 108.2 as at the date prior to the date prior to the commencement date […]
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