Canadian Overseas Petroleum Limited's (LON:COPL) President and CEO, Arthur Millholland talks to Proactive London about their £6mln raise.
This has been achieved through a non-brokered private placement of units with both institutional and private investors.
Millholland explains that due to this holiday season being different in its nature, people still working away at home, 'the paperwork could get done and things could get moving'.
The raise also involved family office, high net worth private investors and directors to help fund the purchase of Atomic Oil and Gas.