RE:RE:Trouble in paradise ?Sorry snakebite...I can't see how this is not related to trouble in financing land. Otherwise, they would have announced. They also would have made it available to everyone, not just " relevant investors ". Remember, long stop date is March 15, the reason for the hasty equity raise.
"Calgary, Canada & London, United Kingdom, March 8, 2021 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration and development company, today announces its intention to conduct an accelerated bookbuild (the "Bookbuild") to raise net proceeds of approximately £13 million by way of a placing (the "Placing") of, and subscription for, new common shares of nil par value in the Company ("Common Shares"). The Bookbuild will open with immediate effect following release of this announcement. The Placing is subject to the terms and conditions set out in the appendix (the "Appendix") to this announcement (which forms part of this announcement). A further announcement confirming the number of new Common Shares issued as part of the Placing and the price being paid per new Common Share (the "Issue Price") will be made following closing of the Bookbuild."