Copied from PR Newswire, and just seen on the Concerned InterOil Shareholders website.
HOUSTON, June 3, 2016 /PRNewswire/ -- The founding shareholder, former chairman and Chief Executive Officer of InterOil Corporation ("InterOil" or the "Company"
(NYSE: IOC), Phil Mulacek, and Petroleum Independent & Exploration, LLC (together, the "Concerned InterOil Shareholders", announced today that the Supreme Court of Yukon has agreed to hear argument on an expedited basis on whether to postpone the annual and special meeting of InterOil shareholders, currently scheduled for June 14, 2016 (the "Meeting", until InterOil shareholders have had an opportunity to consider and vote on the proposed bid by Oil Search Limited (ASX:OSH), supported by a back-in from TOTAL, S.A. ("TOTAL", for all of the outstanding shares of InterOil (the "Oil Search Transaction".
According to Mr. Mulacek, on May 31, 2016, the Concerned InterOil Shareholders wrote to InterOil to request the Company to postpone the Meeting, but InterOil has not responded to the request or publicly announced that it has been made. "We commenced this action because we are very concerned that shareholders are being asked to vote on Board nominees at the Meeting without having the benefit of full disclosure regarding the details about the Oil Search Transaction," Mr. Mulacek said. "Because the Meeting will be held in just 11 days, we asked the court to make a special ruling to hear the matter sooner than normal. Although InterOil opposed our request, the court agreed to hear argument next Thursday, June 9, 2016, before the Meeting," Mr. Mulacek continued. If the court rules in Mr. Mulacek's favor, the Meeting may be postponed to a date after June 14, 2016.