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Canadian Overseas Petroleum Ltd - oil & gas explorer focused on Nigeria and Mozambique - Raises an additional GBP500,000 through a placing of shares with one investor at a price of 0.30 pence per share. The investor is the same that committed GBP500,000 as part of a GBP700,000 raise announced last week that also saw YA II PN Ltd and Riverfort Global Opportunities PCC commit GBP100,000 each. "This common share placing in addition to the placing announced on the 23rd of June, and its recently announced loan facility, puts the company on a firmer financial footing going forward, thus allowing us to focus on our principal asset," Canadian Overseas Chief Executive Officer Arthur Millholland says.
Current stock price: 0.42 pence
Year-to-date change: up more than 100%; 0.07p on January 2
By Tapan Panchal; tapanpanchal@alliancenews.com
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