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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (14363)4/26/2016 7:32:46 AM
From: Goose94Read Replies (1) of 202704
 
Canadian Overseas Petroleum (XOP-V) April 26, '16 is pleased to announce that in connection with its previously announced private placement, the Company and Dundee Securities Ltd. have agreed to increase the size of the private placement. The Company will now issue up to 117.9 million units of the Company ("Units") at a price of $0.07 per Unit for aggregate gross proceeds of up to approximately $8.25 million (the "Offering") under the brokered and non-brokered portions of the Offering, collectively, inclusive of the non-brokered private placement to investors in the United Kingdom announced on March 30, 2016 and on April 20, 2016.

Each Unit will consist of one (1) common share in the capital of the Company ("Common Share") and one (1) Common Share purchase warrant ("Warrant"). Each Warrant will entitle the holder thereof to purchase one (1) Common Share for a period of 24 months from the closing of the Offering at an exercise price of $0.095 per Common Share. The Offering will be conducted by way of a private placement pursuant to exemptions to the prospectus requirements under applicable securities laws in all the provinces of Canada, and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "1933 Act"). All securities issued pursuant to the Offering will be subject to a four month trading hold period pursuant to applicable securities laws and the policies of the TSX Venture Exchange (the "TSXV").

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/3129W_1-2016-4-26.pdf

Contacts:
RNS
Customer
Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com
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