Last checked at 15 Sep 2014 07:00
Canadian Overseas Petroleum Limited
FOR IMMEDIATE RELEASE TSX Venture Exchange Symbol: XOP
London Stock Exchange: COPL
Canadian Overseas Petroleum Limited Engages CHF Investor Relations
Calgary, Canada, September 15, 2014 -Canadian Overseas Petroleum Limited (TSXV: XOP) (LSE:COPL) ("COPL" or "the Company") today announced that it has engaged CHF Investor Relations, a highly regarded investor relations firm headquartered in Toronto, as its Canadian IR partner.
Mr. Arthur Milholland CEO and President of Canadian Overseas Petroleum, comments, "We are very excited to retain CHF. Their knowledge of the oil sector as well as the Canadian public markets will be a tremendous benefit to COPL. We look forward to building awareness within the brokerage industry of the vast potential off-shore West African oil assets have."
Effective immediately, the services agreement for investor and media relations is for a term ending on August 20th, 2015; thereafter, three months termination notice shall apply. Under the terms of the services agreement, which is subject to TSX Venture Exchange approval, CHF will receive monthly fees of $7,500 and reimbursement of disbursements. CHF will be granted 500,000 XOP stock options at an exercise price of $0.26 and another 500,000 XOP stock options at an exercise price of $0.35, all valid for a term length the same as those options granted to directors of the Company. As is required for TSX Venture, upon termination of the services agreement, any vested options will be cancelled after 30 days.
Prior to the grant of options outlined above, CHF had no direct or indirect interest in the Company or its securities.
On behalf of the Board of Directors,
Mr. Arthur Milholland
President and CEO
About CHF Investor Relations
CHF adds substantial financial and investment acumen and experience to emerging public companies as an outsourced, low-cost option. CHF serves an international portfolio of TSX/TSX Venture and CSE-listed companies operating in a broad range of industries including mineral exploration and producers, oil & gas, industrial products and services, high-tech and special situations sectors. Services include IR, Media Relations, Social Media and Market Liquidity services for public companies and assistance for companies about to enter the public domain.
About Canadian Overseas Petroleum Limited
COPL is an international oil and gas exploration and development company focused in off-shore West Africa. The Company holds a 17% working interest in Block LB-13, off-shore Liberia, with ExxonMobil, the operator, holding an 83% working interest. COPL is actively pursuing opportunities in Nigeria as part of its strategy to generate stable cash flow from secure off-shore assets. COPL's Common Shares are listed under the symbol "XOP" on the TSXV and under the symbol "COPL" on the London Stock Exchange.
To receive Company news via email, contact robin@chfir.com and mention "COSP news" in the subject line.
CONTACT INFORMATION
Canadian Overseas Petroleum Limited
Mr. Arthur Milholland President and CEO Tel: + 1 (403) 262 5441
Investor and Public Relations Bell Pottinger Mark Antelme or Henry Lerwill North America Toll Free: +1 866 834 8330 Phone: +44 (0) 203 772 2500
| CHF Investor Relations
Robin Cook Senior Account Manager Tel: +1 (416) 868 1079 ext. 228 Email: robin@chfir.com www.chfir.com
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FORWARD LOOKING STATEMENTS
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.