| An SI Board Since August 2010 |
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XOP |
| Emcee:
bcjt
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Type:
Moderated
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2010-08-03 07:31 MT - News Release
Mr. Arthur Millholland reports
VELO ENERGY IS NOW "CANADIAN OVERSEAS PETROLEUM LIMITED"; STOCK SYMBOL "XOP"
Canadian Overseas Petroleum Ltd. (COPL) has ceased using its former name of Velo Energy Inc. The company continues to trade on the TSX Venture Exchange under the new stock symbol XOP.
The company has also completed the share consolidation at a ratio of one postconsolidation common share for every four preconsolidation common shares. The company now has 23,965,935 shares outstanding whereas previously this number was 95,863,738.
Current shareholders can expect to receive formal notification and details of these changes from the company's transfer agent by mail in the coming days. The previously announced corporate name change and share consolidation were approved by shareholders at the company's annual and special meeting held on June 14, 2010.
All future corporate communications and information will reflect the change of name to Canadian Overseas Petroleum. The company's mailing address and telephone numbers will remain the same.
We seek Safe Harbor.
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