UPDATED -- Troubled Canadian oil businessIvanhoe Energy Inc.(Nasdaq: IVAN, TSX: IE), which is in the middle of a restructuring process, has roughly six months to get its stock price up so the Nasdaq exchange does not remove the company's stock. The company also has until Jan. 30 to come to a deal with bondholders after it missed an interest payment, according to Ivanhoe CFO Blair Vago.

Ivanhoe, headquartered in Vancouver, announced on Jan. 20 in a filing with the U.S. Securities and Exchange Commission that the company received a notice from the Nasdaq that the company's share price didn't meet the exchange's requirements because it dipped to below $1 for 30 consecutive days.  Ivanhoe's stock is also listed on the Toronto Stock Exchange, which doesn't have a minimum requirement.

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