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Canadian Overseas Petroleum CEO details terms of its new £2mln equity funding

Published: 07:40 01 May 2020 EDT

Canadian Overseas Petroleum Limited's (LON:COPL) (CSE:XOP) Arthur Millholland discusses with Proactive London's Andrew Scott some of the detail of its £2mln equity-based funding facility with Yorkville and Riverfort.

He says the funding is significant for them as it can give confidence to other investors that it will be able to execute its business plan.

He's expecting talks with strategic investors and international service providers to resume once restrictions related to coronavirus (COVID-19) are eased.

Canadian Overseas Petroleum reaches financing deal on favorable terms to...

Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) chief executive Arthur Millholland joined Proactive's Stephen Gunnion with the news that the company has signed financing needed to close the acquisition of Cuda Energy, an oil and gas producer currently in receivership. Millholland told...

on 07/22/2022