Canadian Overseas Petroleum raises further £3m via equity placing to fund Atomic acquisition

Fri, 8th Jan 2021

Oil and gas exploration and development company Canadian Overseas Petroleum said it had raised an additional £3 million via placing to fund its purchases to fund the acquisition of Atomic Oil & Gas. The additional £3 million followed the previous £6 million equity offering, and increased the gross total proceeds from the placing of shares to $9 million. On 16 December, the company paid US$8 million to Atomic Oil & Gas as part of the first milestone payment to complete the overall acquisition of Atomic. At 8:38am: (LON:COPL) Canadian Overseas Petroleum Limited Com Shs Npv share price was 0p at 0.23p Story provided by StockMarketWire.com

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