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Keep trying. Usually means there are too many sells going through for buyers. Either the price will drop a bit then you can sell. I don’t do the NT as you really are at their mercy then as you basically give permission to sell ‘whatever’.
What’s going on? I’m not being allowed to trade Lex shares.
NT to sell, but I can buy. Atleast it’s trading.
2.75 on iwebshare dealing. But my share number has not been reduced. I can’t deal it though. I contacted them and they say it will be up and running in a few minutes. Hope they forget to adjust the share number due to consolidation as I’m looking really wealthy just now.
2021 will come in quick enough. No idea what happened to April and May, June ...2020. This year is flying in. LTH.
Canadian Overseas Petroleum Limited
Announces £1,300,000 Placing & Successful Shares For Debt Proposal
Calgary, Canada & London, United Kingdom, July 20, 2020 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration and development company focused on sub-Sahara Africa, today announces that:
· COPL has entered into agreements with two institutional investors and two high net worth private investors to raise gross proceeds of £1,300,000 in a non-brokered private placement (the "Placing") at a price of 0.3 pence per common share (the "Placing Price"); and,
· The Company has successfully agreed with creditors for the previously announced Debt Exchange which will result in COPL repaying approximately US$1.6m of historic debt.
The net proceeds from the Placing will be used for ongoing general and administrative costs of the Company and the costs of professional advisers and service providers that are not eligible for the Debt Exchange. Completion of these transactions will improve the Company's working capital position as it works to conclude definitive agreements for the Company's Nigerian OPL 226 project as disclosed on July 10, 2020.
The Placing and Debt Exchange are conditional on admission of trading on the London Stock Exchange of: (i) 433,333,334 common shares to be issued pursuant to the Placing; and, (ii) up to 188,570,475 common shares to be issued pursuant to the Debt Exchange. Application has been made to the United Kingdom's Financial Conduct Authority (the "FCA") for up to 621,903,809 common shares of nil par value (the "New Shares") at 0.3 Pence per common share (the "Placing Price") to be admitted to the standard listing segment of the Official List maintained by the FCA, and to the London Stock Exchange plc (the "London Stock Exchange") for such New Shares to be admitted to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission will be become effective and that unconditional dealings in the New Shares will commence on or around July 23, 2020.
The common shares to be issued pursuant to the Debt Exchange were outlined in the Company's Prospectus approved by the FCA on 26 June 2020. The Company reserved a total of 411,326,189 common shares in the capital of the Company (of which 252,512,157 common shares were issued on July 15, 2020) to be allocated for the settlement of debts to its unsecured creditors, accrued unpaid wages to its employees, and the secured Promissory Note due to its CEO at the Placing Price (the "Debt Exchange").
There are no fees or commissions payable pursuant to the Debt Exchange which enables the Company to successfully settle approximately US$1.6m of debt. COPL will pay a finder's fee of 7.5% cash and 32,500,000 common share purchase warrants in relation to the Placing. The finder's warrants are exercisable into one c
Thanjs Biko. I got notification too. Fingers crossed.
Thanks Buko. Hope it pans out for us PIs. Have. Splendid weekend.
‘I3 Energy (I3E) announced news which appears to have confused many. Key point is that the warrant and management option strike prices are being reset to the nominal value of I3’s shares (£0.0001/share), which means that the i3 equity is being deemed worthless. The Canadian acquisition and any future North Sea activity therefore is of academic interest only now to existing shareholders. A few well known scammers were pumping I3E recently, trying to get stock away. If you got caught up in this, note the names and be try to be careful next time.’
I’m not very experienced but surely the shares will come back with a value?
That’s good to know Buko. Thanks very much .
Alfresco- seems the LSE site is slow at updating the RNS. I’ve been using investigate.co.uk.