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Canadian Overseas Petroleum hails 'exceptional' move to accelerate acquisition of Atomic Oil and Gas

Canadian Overseas Petroleum Ltd's (LON:COPL) Arthur Millholland talks Proactive London through the inked a term sheet for US$65mln of debt financing that will facilitate its acquisition of US onshore producer Atomic Oil and Gas LLC.

The arrangement, for a senior credit facility, is with a US-based global investment firm. It will have a four-year duration and COPL described the terms as competitive whilst noting that it is subject to typical lending conditions.

Quick facts: Canadian Overseas Petroleum Limited

Price: 0.365 GBX

LSE:COPL
Market: LSE
Market Cap: £35.25 m
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