![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Canadian Overseas Petroleum Limited | LSE:COPL | London | Ordinary Share | CA13643D8008 | COM SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0575 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCOPL Canadian Overseas Petroleum Limited Requests Exemptions under Policy4 of the Canadian Securities Exchange CALGARY, AB, Jan. 12, 2024 -- Canadian Overseas Petroleum Limited (the "Company") (CSE: XOP) (LSE: COPL) announces that is has requested exemptions under Policy4, Corporate Governance, Security Holder Approvals and Miscellaneous Provisions ("Policy4") of the Canadian Securities Exchange (the "CSE") with respect to the requirement for security holder approval of an offering. In relation to the offering announced on December29, 2023 (the "Offering"), the Company under Policy4 of theCSE, is required to hold a security holder vote on the Offering due to the Offering including a number of issuable securities that is more than 100% of the currently outstanding securities, unless the Company qualifies for exemptions under Policy4. The Company satisfies the majority of the these requirements for an exemption as the Company is in serious financial difficulty, the Company has reached an agreement to complete the Offering and the independent directors of the board of directors have determined that the Offering is in the best interests of the Company, is reasonable in the circumstances and that it is not feasible to obtain security holder approval or complete a rights offering to existing security holders on the same terms as the Offering. The Company is, however, requesting an exemption from the application of Policy4 as a "Related Person", as defined therein, is participating in the Offering and from the requirement to issue a news release five days in advance of the Offering, with the scheduled closing of the Offering being early next week. The Company is requesting these exemptions from Policy4 on the basis of the serious financial difficulty facing the Company at this time, as outlined in previous news releases and public disclosure. For further information, please contact: Mr. Thomas Richardson, Chairman Canadian Overseas Petroleum Limited Tel: + 1 (403) 262 5441 Cathy Hume CHF Investor Relations Tel: +1 (416) 868 1079 ext. 251 Email: cathy@chfir.com Charles Goodwin Yellow Jersey PR Limited Tel: +44 (0) 77 4778 8221 Email: copl@yellowjerseypr.com The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release. SOURCE Canadian Overseas Petroleum Limited This information was brought to you by Cision http://news.cision.com END
(END) Dow Jones Newswires
January 15, 2024 02:01 ET (07:01 GMT)
1 Year Canadian Overseas Petrol... Chart |
1 Month Canadian Overseas Petrol... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions