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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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