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Provider : Thomson Reuters Stock Report
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Canadian Overseas Petroleum Limited closes unit offering for about $10.1 mln


Thursday, 21 Aug 2014 10:12am EDT 

Canadian Overseas Petroleum Limited:Closes its previously announced marketed offering of units of the company.Pursuant to the offering, the company issued an aggregate of 50,555,000 Units, at a price of $0.20 per Unit, for aggregate gross proceeds of about $10.1 million.Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant.Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.40 per Common Share on or before the date that is 36 months following the closing date of the Offering.Offering was led by GMP Securities L.P. 

Company Quote

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3:44pm EDT