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IN BRIEF: Canadian Overseas shares down on conversion of bonds

Fri, 16th Jun 2023 09:19

Canadian Overseas Petroleum Ltd - Calgary-based oil and gas company with operations focused in Wyoming, US - Issues 25.9 million common shares to settle USD1.3 million of conversion payments. Following the issue of the shares, the company will have a total of 477.5 million shares issued and outstanding.

Current stock price: 3.20 pence, down 8.6% on Friday

12-month change: down 82%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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