Deal vote set: Thurs., July 28

[Li'loilady]

InterOil Corporation (NYSE: IOC; POMSoX: IOC) has scheduled a Special Meeting to be held on July 28, 2016 for holders of common shares, options and restricted share units (collectively, “Securityholders&rdquo to consider the previously announced Oil Search transaction. Shareholders of record as of June 20, 2016 will be entitled to vote at the Special Meeting.

This meeting is separate from the Special and Annual Meeting of Shareholders, which is scheduled for June 14, 2016.

Additional information about the transaction will be provided to all InterOil Securityholders in a Management Information Circular, which will be filed on SEDAR and mailed to Securityholders in due course. The process relating to the Special Meeting is subject to receipt of an interim order of the Supreme Court of Yukon.

[Stavros]

InterOil Corporation (NYSE: IOC; POMSoX: IOC) has scheduled a Special Meeting to be held on July 28, 2016 for holders of common shares, options and restricted share units (collectively, “Securityholders&rdquo to consider the previously announced Oil Search transaction. Shareholders of record as of June 20, 2016 will be entitled to vote at the Special Meeting.

This meeting is separate from the Special and Annual Meeting of Shareholders, which is scheduled for June 14, 2016.

Additional information about the transaction will be provided to all InterOil Securityholders in a Management Information Circular, which will be filed on SEDAR and mailed to Securityholders in due course. The process relating to the Special Meeting is subject to receipt of an interim order of the Supreme Court of Yukon.

I highlighted what I consider to be a very strange statement which I assume refers to Special Meeting Number 2 - to vote on the deal.

I guess this means the Yukon Supreme Court will dictate the Deal Vote process after considering inputs from IOC and "Concerned IOC Shareholders."

By doing so, it will eliminate the need/ possibility for either party to file a grievance.

[davidhmtk]

InterOil Corporation (NYSE: IOC; POMSoX: IOC) has scheduled a Special Meeting to be held on July 28, 2016 for holders of common shares, options and restricted share units (collectively, “Securityholders&rdquo to consider the previously announced Oil Search transaction. Shareholders of record as of June 20, 2016 will be entitled to vote at the Special Meeting.

This meeting is separate from the Special and Annual Meeting of Shareholders, which is scheduled for June 14, 2016.

Additional information about the transaction will be provided to all InterOil Securityholders in a Management Information Circular, which will be filed on SEDAR and mailed to Securityholders in due course. The process relating to the Special Meeting is subject to receipt of an interim order of the Supreme Court of Yukon.

I highlighted what I consider to be a very strange statement which I assume refers to Special Meeting Number 2 - to vote on the deal.

I guess this means the Yukon Supreme Court will dictate the Deal Vote process after considering inputs from IOC and "Concerned IOC Shareholders."

By doing so, it will eliminate the need/ possibility for either party to file a grievance.

Maybe the Court will set the meeting in Yellowknife!   Notice the IOC release didn't mention a location.

[cybersssss]

Nothing odd about a regulatory statement.

[Stavros]

Nothing odd about a regulatory statement.

It's odd to me that the Yukon Supreme Court will issue an "Interim Order" regarding the deal voting process.

What does that imply?

[Palm]

Nothing. This Interim Order is standard operating procedure for Canadian registered companies. It's basically the approval and conditions under which the meeting for the vote is to abide by. It will be part of the Circular that comes out.

https://www.lawinsider.com/usage/interim...-agreement

[Stavros]

Nothing. This Interim Order is standard operating procedure for Canadian registered companies. It's basically the approval and conditions under which the meeting for the vote is to abide by. It will be part of the Circular that comes out. https://www.lawinsider.com/usage/interim...-agreement

Thanks Palm ... it seems that each Interim Order issued by the Courts is different and sets out guidelines for the particular acquisition.

Let's hope that in our case, the fact that IOC mentions that the process is subject to the Interim Order means the Court will impose requirements that directly benefit IOC Shareholders, and not OSH.

[Palm]

Mebbee, but not sure that's their role in this. IOC will (or likely already has) requested this interim order and prob follows a format dictated by the law (like an SEC filing).

Recent example of language:

"On June 3, 2016, Kaminak obtained an interim order of the Supreme Court of British Columbia providing for, among other things, the calling of a special meeting of Kaminak shareholders and option holders to be held on July 12th, 2016 to consider and approve the Arrangement."

See Section 3A here under Section 192 of the CBCA:
https://www.ic.gc.ca/eic/site/cd-dgc.nsf...01073.html