Mr. John Cowan reports
CANADIAN OVERSEAS PETROLEUM LTD ANNOUNCES SHARE ISSUANCE
Canadian Overseas Petroleum Ltd. has issued 8,265,203 common shares settling $300,000 of payables to arm's-length creditors of the company at 2.6 pence per share.
Applications will be made for the shares to be admitted to the Financial Conduct Authority's official list and to trading on the London Stock Exchange's main market for listed securities within the next 12 months, in accordance with Listing Rule 14.3.4.
Following the issuance of shares, the company has a total of 848,468,729 common shares issued and outstanding. There are no common shares held in treasury and therefore the total number of voting rights in the company is 848,468,729. This figure may be used by shareholders in the company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
About Canadian Overseas Petroleum Ltd.
COPL is an international oil and gas exploration, development and production company actively pursuing opportunities in the United States with operations in Wyoming.
The company operates the Cole Creek unit 100-per-cent working interest, Barron Flats Shannon (Miscible) unit 85-per-cent working interest and holds Barron Flats Federal (Deep) 85-per-cent working interest in addition to non-unitized lands 100-per-cent working interest.
The company's Wyoming operations are one of the most environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighbouring wind farm to power production facilities.
We seek Safe Harbor.
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