Brief: Canadian Overseas Petroleum Announces CCAA Application And Suspension Of Trading In Co's Shares

Canadian Overseas Petroleum

11/03/2024 07:35

March 11 (Reuters) - Canadian Overseas Petroleum Ltd
 XOP.CD :
    * COPL ANNOUNCES CCAA APPLICATION AND SUSPENSION OF TRADING
IN
COMPANY'S SHARES
    * INITIAL ORDER WOULD PROVIDE FOR, STAY OF PROCEEDINGS IN
FAVOUR
OF COPL GROUP, APPROVAL OF DEBTOR-IN-POSSESSION FINANCING
    * COPL GROUP WILL CONTINUE ITS DAY-TO-DAY OPERATIONS AS
USUAL
    * COMPANY BELIEVES THERE IS LITTLE PROSPECT FOR A RETURN TO
SHAREHOLDERS OR BOND HOLDERS

Source text for Eikon:  ID:nRSK3124Ga 
Further company coverage:  XOP.CD 

 (Reuters.Briefs@thomsonreuters.com)