RE: RNS8 Aug 2022 08:05
London, United Kingdom; Calgary, Canada: August 8, 2022 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, has issued 9,995,002 common shares pursuant to a conversion of $2,000,000 principal of 2025 Bonds and 5,895,000 common shares to its financial adviser and brokers in connection with its Convertible Bond financing.
Applications will be made to the FCA for these shares to be admitted to the Official List and to the London Stock Exchange for the Placing Shares to be admitted to trading on the London Stock Exchange's main market for listed securities within the next twelve months, in accordance with Listing Rule 14.3.4. Following these share issues the Company has a total of 260,339,466 Common Shares issued and outstanding. There are no Common Shares held in treasury and therefore the total number of voting rights in the Company is 260,339,466. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The Company has also granted broker warrants exercisable over 5,895,000 common shares at an exercise price of 16.75 pence per share and expiring 90 days from 26 July 2022.