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

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.

Quick facts: Canadian Overseas Petroleum Limited

Price: 0.305 GBX

LSE:COPL
Market: LSE
Market Cap: £10.63 m
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Morning Report: Canadian Overseas Petroleum's Millholland to provide...

Headlines from the Proactive UK newsroom. Canadian Overseas Petroleum Limited (LON:COPL) is to receive C$200,000 as a loan from its chief executive, Arthur Millholland, so that it can continue discussions with investors and service providers over plans for the OPL 226 asset. The loan will...

on 21/2/20

2 min read