Richard Chandler Corporation Announces Acquisition of Shares of InterOil Corporation

 Richard Chandler Corporation Announces Acquisition of Shares of InterOil  Corporation  SINGAPORE, May 17, 2012 /CNW Telbec/ - The Richard Chandler Corporation  announced today that Orchid Fund Pte Limited ("Orchid") has, on May 16, 2012,  acquired beneficial ownership of 180,000 common shares (the "Acquired Shares")  of the capital of InterOil Corporation (the "Issuer"), which represent  approximately 0.37% of the issued and outstanding common shares of the  Issuer. As a result of this acquisition, Orchid's shareholding in the Issuer  is now an aggregate of 6,025,851 common shares of the capital of the Issuer,  which represents approximately 12.51% of the issued and outstanding common  shares of the Issuer. The Acquired Shares were purchased on the New York Stock  Exchange at an average price of US$56.8759 per common share.  As a result of this acquisition and applicable Canadian securities laws, each  of Richard Chandler Capital Corporation ("RCCC"), RCCC's sole shareholder,  Cosimo Management Limited (in its capacity as trustee of the R. F. Chandler  Capital Trust, a discretionary trust) and RCCC's direct wholly-owned  subsidiary, Richard Chandler Capital Corporation Pte Limited (which owns all  of the shares of Orchid), is deemed to beneficially own the Acquired Shares.  The Acquired Shares were acquired in the ordinary course of business. Orchid,  RCCC, Richard Chandler Capital Corporation Pte Limited and Cosimo Management  Limited (in its capacity as trustee of the R. F. Chandler Capital Trust,a  discretionary trust) may, from time to time and at any time, subject to  applicable securities laws, acquire additional common shares of the Issuer  and/or other equity, debt or other securities or instruments (collectively,  "Securities") of the Issuer in the open market or otherwise may dispose of any  or all of its Securities in the open market or otherwise, at any time and from  time to time, and to engage in any hedging or similar transactions with  respect to the Securities, in each case subject to applicable securities laws.  About the Richard Chandler Corporation  The Richard Chandler Corporation is a private investment group based in  Singapore and founded by New Zealand-born entrepreneur Richard F. Chandler.  The Richard Chandler Corporation's mission, Building Prosperity for Tomorrow's  World, adopts a holistic approach to building sustainable prosperity through  investments in financial and social enterprises. Since 1986, the Richard  Chandler Corporation has provided capital to companies and governments from  Asia and Africa to Latin America and Eastern Europe, and invested in a wide  range of industries, such as telecoms, power, steel, banking and energy.  Further Information  For more information, please visit: www.richardchandler.com  A copy of the report prepared in connection with the matters disclosed herein  in accordance with applicable Canadian securities laws will be available  atwww.sedar.com or by contacting Richard Chandler Corporation at the address  specified below:  James Macarthur Level 46 UOB Plaza 1 80 Raffles Place Singapore 048624 Tel: + 65 6210 5544 E-mail:jam@richardchandler.com   For media enquiries please contact:  Richard Barton Kreab Gavin Anderson Suite 1902-04 19/F, Kinwick Centre 32  Hollywood Road Central Hong Kong Tel: + 852 2523 7189  E-mail:rbarton@kreabgavinanderson.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/May2012/17/c8617.html  CO: Richard Chandler Corporation ST: Quebec NI: FIN MNA  
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