Canadian Overseas Petroleum Limited

09:51 AM EST - Canadian Overseas Petroleum Limited : Announced a Common Share offering to raise gross proceeds of £3 million ($3.8 million U.S.) pursuant to which the Company will issue 895,523,000 new common shares at a price of 0.335 pence per Placing Share. Canadian Overseas Petroleum Limited shares V.XOP are trading down $0.005 at $0.01.