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Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

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IN BRIEF: Canadian Overseas To Get GBP1.3 Million In Private Placement

Mon, 20th Jul 2020 20:44

Canadian Overseas Petroleum Ltd - sub-Saharan Africa-focused oil and gas explorer - Agreed with two institutional investors and two high net worth private investors to raise proceeds of GBP1.3 million through a private placement. The money raised will go towards general and administrative costs. Has also agreed with creditors a debt exchange scheme which will see the company pay USD1.6 million of historic debt.

Current stock price: 0.32 pence

Year-to-date change: up sharply from 0.070p

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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