MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES -3RD PARTY REPORTS
Friday June 09 2017
Canadian Overseas Petroleum Limited: Prospectus in respect of
a Second Tranche Offering
The Company is pleased to announce the approval by the UK Listing Authority of a prospectus (the "Prospectus") prepared by the Company in relation to the admission, to the standard listing segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the Main Market for listed securities of the London Stock Exchange, of: (i) 101,066,868 second tranche offering closing shares (the "Second Tranche Offering Closing Shares") in connection with an offering completed by the Company on 3 May 2016; and (ii) 656,000,000 placing shares (the "Placing Shares" together with the Second Tranche Offering Closing Shares, the "New Shares") comprising 650,000,000 Placing Shares announced on 25 May 2017 and a subsequent placing of a further 6,000,000 Placing Shares. The New Shares are expected to be admitted to trading on the London Stock Exchange, on or about, 12 June 2017 (the "New Share Admission").
Details of the New Shares:
On 3 May 2016, the Company issued 101,066,868 units at a price of CAD$0.07 per unit (the "Second Tranche Offering"). Each unit comprised of one common share in the capital of the Company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of CAD$0.095 per common share at any time prior to 4:30 p.m. (Calgary time) on the date that is 24 months from the closing date of the closing of the Second Tranche Offering.
Further, on or around 25 May 2017, the Company completed the placing of 656,000,000 Placing Shares of £0.005 per Placing Share to raise gross proceeds of £3.28 million. Each New Share is a common share in the capital of the Company and ranks pari passu with the Company's existing common shares.
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SOURCE Canadian Overseas Petroleum Limited
Inter Pipeline Announces June 2017 Cash Dividend
Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.135 per share for June 2017. This dividend will be paid on or about July 14, 2017 to shareholders of record on June 22, 2017. This dividend is designated as an “eligible dividend” for Canadian tax purposes.
Since inception, Inter Pipeline has distributed approximately $4.1 billion in cash payments to investors. Inter Pipeline’s objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline’s portfolio of growth projects.
SOURCE Inter Pipeline Ltd.
Repsol Oil & Gas Canada Inc. Announces Consent Solicitations
and Debt Tender Offers
Repsol Oil & Gas Canada Inc. (formerly known as Talisman Energy Inc.), a Canadian-based upstream oil and gas company (the "Company"), announced today that it commenced solicitations of consents (the "Consent Solicitations") from holders of its outstanding
The Company also announced that Repsol, S.A., a sociedad anónima organized in Spain (the "Guarantor"), has fully and unconditionally guaranteed the due and punctual payment of the principal of, premium, if any, and interest on each series of Notes, when and as the same shall become due and payable (the "Guarantees"). The Guarantees will remain effective regardless of the outcome of the Consent Solicitations and the Tender Offers.
Holders have the option to either:
(1) deliver consents at or prior to the Consent/Early Tender Deadline (as defined below) without tendering the related Notes; or
(2) tender Notes and thereby deliver the related consents at or prior to the Expiration Time (as defined below), provided that holders must tender at or prior to the Consent/Early Tender Deadline (as defined below) to be eligible to receive the Total Consideration (as defined below).
About Repsol Oil & Gas Canada Inc.
Repsol Oil & Gas Canada Inc. is an upstream oil and gas company, incorporated in Canada and is a wholly-owned subsidiary of the Spanish integrated energy company Repsol, S.A.
SOURCE Repsol Oil & Gas Canada Inc.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.