InterOil Corp. - 2010-11-10

Closed its public offerings of an aggregate principal amount of 2.75% convertible senior notes due 2015, and some 2.43 million common shares, at US$75 per share. The underwriters have exercised their option to purchase an additional $9 million aggregate principal amount of the notes and an additional 365,215 common shares. Net proceeds will be used for the development and construction in Papua New Guinea of a proposed condensate stripping plant and related facilities; for the construction of a LNG plant and related facilities; for E&P activities in Papua New Guinea; for the payment of its $25-million loan with Clarion Finaz AG; and for general corporate purposes.