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Mon, 1st Feb 2021 14:37
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Asiamet Resources Ltd - Indonesia-focussed copper and gold miner - Says it has received notice purported to be from largest shareholder, Aeternum Energy, requisitioning a special general meeting. The notice that has been received is not in a valid form and therefore directors are not required to act on it now, however it is apparent that our largest shareholder is seeking to take control of the company without fair and reasonable process or acquisition, Asiamet adds. This action immediately follows PT WIN, an Indonesian company owned by Aeturnum Energy, materially breaching the terms of a binding sale and purchase agreement with Asiamet for the acquisition of the company s KSK contract of work in Indonesia. Asiamet says seeking necessary advice , tells shareholders to take no action. ....

Estado De Mato Grosso , Minas Gerais , Qaasuitsup Kommunia , United States , Western Australia , United Kingdom , South Australia , City Of , United Kingdom General , Pedra Branca , North Shields , North Tyneside , Stuart Ashman , Simon Paull , John Leggate , Neil Crabb , Eric Cunha , Fisicae Investigacao Tecnologica , Adam Davidson , Aeternum Energy , United Kingdom Environment Agency , Trident Royalties , Alliance News , Frenkel Topping Group , Essar Exploration Production Ltd , Avacta Group ,

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 announc ....

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Investegate |Canadian O'Seas Petr Announcements | Canadian O'Seas Petr: £6,000,000 Placing


 
 
Calgary, Canada & London, United Kingdom, December 30, 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, today announces that:
 
·
COPL has closed a non-brokered private placement of Units with institutional investors, family office, high net worth private investors, the Company s Chief Executive Officer and Directors (the Investors ) to raise gross proceeds of £6,000,000 (the Placing ) at a price of 0.2 pence per Unit (the Placing Price ) with each Unit consisting of one common share of no par value in the capital of the Company (each a Common Share ) and one half of one warrant, each whole warrant entitling the holder to purchase a Common Share at 0.26 pence for 12 months from the settlement date of the Placing (each a Purchase Warrant ). ....

United States , United Kingdom , City Of , Ryan Gaffney , Faralee Chanin , Arthur Millholland , Charles Goodwin , Harald Ludwig , Cathy Hume , John Cowan , Sahara Africa , William Astor , Massimo Carello , Shoreline Energy International Limited , Canadian Overseas Petroleum Limited , Financial Conduct Authority Disclosure Guidance , London Stock Exchange , Canadian Overseas Petroleum , Shoreline Canadian Overseas Petroleum Development Corporation Shorecan , Atomic Oil , Company On , Production Limited Nigeria Nigerian Affiliate , Canadian Overseas Petroleum Ltd , Yellow Jersey , Overseas Petroleum Limited , Chief Executive Officer ,

Focus on defence, security at PM Modi's summit with Vietnam counterpart | India News


File: Prime Minister Narendra Modi and Vietnam counterpart Nguyen Xuan Phuc
NEW DELHI: Prime Minister Narendra Modi will hold an important summit meeting with his Vietnam counterpart Nguyen Xuan Phuc Monday, as India and Vietnam continue to bear the brunt of Chinese expansionism. Defence ties between the two countries, like in the recent past, will again be one of the main focus areas with Vietnam set to acquire a high-speed patrol boat from India and both the sides looking to finally operationalise a $500 million Line of Credit (LOC) offered by India to Hanoi for defence procurement.
In a significant statement last week, Vietnam ambassador to India Pham Sanh Chau had said Vietnam was looking forward to more investments by Indian companies in its oil and gas sector, in particular to Essar Exploration group ramping up its investment to $11 billion. ....

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