Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per... IVAN

Primary Symbol: IVAN.WS

Energy Financial Services

Ivanhoe Capital Acquisition Corp is a special purpose acquisition company that targets companies in the supply chain from the mine site to the end-user of electrification products and services, including in the transportation, e-mobility, electric propulsion, battery technology, and storage sectors. These include companies exploring for mining, processing, or refining metals necessary for electrification; and manufacturers of battery and battery components, electric grid component manufacturers, and producers of electric vehicles, parts, and battery storage.

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Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per...

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Post by megphion Aug 03, 2008 11:11am

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Post# 15355231

Deal or Advanced Negotiations??

Having read many, if not all, of the articles re: Ivanhoe's dealings with PetroEcuador which started circulating Friday afternoon, I am not sure exactly what Ivanhoe has in terms of certainty.

From my crude translation, it appears that both parties have come to economic, technical, and legal terms for the exploitation of the Pungarayacu field; however, the deal will not be complete until PetroEcuador signs off and gets further approval from the Office of the Controller and the Justice Department.

Furthermore, some of the articles seem to suggest the deal is with an affiliate of PetroEcuador - PetroProduccion.

Is this how other's read the news stories?

Any idea how quickly PetroEcuador or PetroProduccion can act and subsequently get the approvals from the 2 government departments stated above?

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