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 that, further to the announcement on August 17, 2018 with regard to the 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, the prospectus prepared in relation to the Placing has been approved by the UK's Financial Conduct Authority and has been published today. It will be available on the Company's website (http://www.canoverseas.com/) later today.
It is expected that admission to the standard listing segment of the Official List and to the London Stock Exchange plc will become effective and that dealings in the Placing Shares will commence at 8:00am (London time) on August 31, 2018.
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Source: Canadian Overseas Petroleum Limited (TSX Venture:XOP, LSE:COPL)
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