03:22 PM EST - Canadian Overseas Petroleum Limited : Announced an offering of common shares in the capital of the Company to raise gross proceeds of £2.5 million, pursuant to which the Company will issue 250,000,000 new common shares to U.K. investors at a price of one penny (£0.01) per Placing Share. Canadian Overseas Petroleum Limited
shares V.XOP are trading down $0.005 at $0.02.
