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Investegate |Canadian O Seas Petr Announcements | Canadian O Seas Petr: Term Sheet for US$65m Senior Credit Facility

Proactive news headlines: Quadrise Fuels International PLC, Canadian Overseas Petroleum Ltd, Cobra Resources PLC , Evgen Pharma PLC …

Proactive news headlines: Quadrise Fuels International PLC, Canadian Overseas Petroleum Ltd, Cobra Resources PLC , Evgen Pharma PLC …
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Investegate |Canadian O Seas Petr Announcements | Canadian O Seas Petr: Atomic Acquisition Update & Additional £3m Placing

    Calgary, Canada & London, United Kingdom, January 8, 2021 - 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, today announces that:   · The Company has paid US $8 million (the Funds ) to Atomic Oil & Gas LLC ( Atomic ) as the second payment to Atomic pursuant to the Company s acquisition of Atomic as disclosed in the Company s announcement on December 16, 2020. The Funds will secure the purchase of 15% of Atomic s working interest in all of Atomic s leasehold interests. In the event of non-completion, COPL would retain this interest. · COPL has closed a follow-on non-brokered private placement to raise additional gross proceeds of £3,000,000 (the Subsequent Fundraise ) subsequent to the £6,000,000 placing announced by the Company on December 30, 20

Investegate |Canadian O Seas Petr Announcements | Canadian O Seas Petr: Price Monitoring Extension

The auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security s auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today. The applicable percentage is set by reference to a security s Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices

Investegate |Canadian O Seas Petr Announcements | Canadian O Seas Petr: Second Price Monitoring Extn

Second Price Monitoring Extension A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes. Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution. The applicable percentage is set by reference to a security s Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices

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