Canadian Overseas Petroleum Limited (DI) (COPL)

Sector:

Energy Producers

0.048p
   
  • Change Today:
      0.005p
  • 52 Week High: 14.96p
  • 52 Week Low: 0.040p
  • Currency: UK Pounds
  • Shares Issued: 277.86m
  • Volume: 350,407,817
  • Market Cap: £0.13m

Canadian Overseas Petroleum raises £0.7m in placing

By Josh White

Date: Tuesday 23 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Sub-Saharan Africa-focussed oil and gas exploration and development company Canadian Overseas Petroleum (COPL) announced a £0.7m common share placing with three investors at 0.3p per share, it announced on Tuesday.
The London-listed firm said it entered into a non-brokered subscription agreement with an Investor for £0.5m of the placing, and agreed to pay a finders fee of £35,000 cash and 12,500,000 common share purchase warrants, exercisable for 24 months at a 30% premium to the placing price for that portion of the placing.

In addition, YA II PN and Riverfort Global Opportunities committed to participate in the placing for £0.1m each, as the company disclosed in a press release on 15 June, at the placing price.

The funds received would cover general working capital, and enable the firm to continue focusing on its Nigerian OPL 226 project, as announced on 4 June.

"The timing of this common share placing is appropriate given the recent movement in the company's share price and associated high trading volumes in the London market," said president and chief executive officer Arthur Millholland.

"This is the next step to our recently announced loan agreement with YA and RGO, and it again confirms the quality of the company's principal asset."

At 1201 BST, shares in Canadian Overseas Petroleum were down 13.79% at 0.36p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

COPL Market Data

Currency UK Pounds
Share Price 0.048p
Change Today 0.005p
% Change -9.52 %
52 Week High 14.96p
52 Week Low 0.040p
Volume 350,407,817
Shares Issued 277.86m
Market Cap £0.13m

COPL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.29% above the market average81.29% above the market average81.29% above the market average81.29% above the market average81.29% above the market average
34.21% above the sector average34.21% above the sector average34.21% above the sector average34.21% above the sector average34.21% above the sector average
Value
81.29% above the market average81.29% above the market average81.29% above the market average81.29% above the market average81.29% above the market average
34.21% above the sector average34.21% above the sector average34.21% above the sector average34.21% above the sector average34.21% above the sector average
Income Not Available
Growth
16.79% above the market average16.79% above the market average16.79% above the market average16.79% above the market average16.79% above the market average
5.66% above the sector average5.66% above the sector average5.66% above the sector average5.66% above the sector average5.66% above the sector average

COPL Dividends

No dividends found

Trades for 01-Mar-2024

Time Volume / Share Price
16:29 2,040,816 @ 0.049p
16:29 100,000 @ 0.050p
16:29 2,000 @ 0.050p
16:28 20,000 @ 0.050p
16:28 1,875 @ 0.045p

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