August 17, 2018 - 7:05 AM EDT
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This press release replaces the press release disseminated August 17, 2018 at 5:53 AM ET. The press release contained additional information in the second paragraph. The corrected press release is below:




This press release replaces the press release disseminated August 17, 2018 at 5:53 AM ET. The press release contained additional information in the second paragraph. The corrected press release is below:

Canadian Overseas Petroleum 3 million Common Pounds Share Offering



Calgary, Alberta (FSCwire) - Canadian Overseas Petroleum Limited (the "Company") (TSXV: XOP) (LSE: COPL), an international oil and gas exploration and development company, is pleased to announce a Common Share offering to raise gross proceeds of £3 million (US$ 3.8 million) (the "Placing"), pursuant to which the Company will issue 895,523,000 new common shares ("Placing Shares") at a price of 0.335 pence per Placing Share.

 

Management and certain insiders of the Company plan to subscribe for new common shares in the Company at the Placing Price (the "Subscription"). An announcement pertaining to the Subscription will be released by the Company in due course.

 

Full details of the Placing will be included in the Prospectus to be filed with the UK Listing Authority (the "UKLA"), which is expected to be published prior to the end of August 2018.

 

Click on, or paste the following link into your web browser, to view the announcement in full.

 

http://www.rns-pdf.londonstockexchange.com/rns/1622Y_1-2018-8-17.pdf

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.



To view the associated document to this release, please click on the following link:
public://news_release_pdf/canadianoverseas08172018_1.pdf



Source: Canadian Overseas Petroleum Limited (TSX Venture:XOP, LSE:COPL)

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Source: FSCwire (August 17, 2018 - 7:05 AM EDT)

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