Canadian Overseas Petroleum Limited Admission to Trading

Source Company Press Release
Company Canadian Overseas Petroleum Limited
Tags Corporate: Overview/Strategy, Country: Canada
Date July 22, 2020

Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration and development company focused on sub-Sahara Africa, is pleased to announce that further to the announcement on the July 20, 2020:   

• 433,333,334 new common shares in the capital of the Company have been issued at a placing at 0.3 pence per share to raise gross proceeds of  £1,300,000; and,

• 184,096,896 new common shares in the capital of the Company have been issued to historic creditors of the Company at 0.3 Pence per share to settle historic debts owed by the Company to those creditors, as per the terms of the Company's prospectus dated June 26, 2020.   

Admission of 617,430,230 new common shares to the standard listing segment of the Official List maintained by the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc is expected to become effective at 8:00am (London time), Thursday July 23, 2020.  Following admission of these shares, the Company will have a total of 4,817,503,698 common shares of nil par value issued and outstanding.

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