InterOil seeks development funds

INTEROIL is embarking on a big capital raising spree to help fund construction of its planned condensate stripping plant in PNG, and to advance development of its liquefied natural gas plays.

InterOil seeks development funds InterOil seeks development funds InterOil seeks development funds InterOil seeks development funds InterOil seeks development funds

Up to $US280 million of gross proceeds is expected from a public offering of convertible senior notes due in 2015 plus a common shares offering.

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