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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 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 ,