COPL Action Group: Shareholders in Canadian Overseas Petroleum Limited require answers as Company loses 98% of value

Shareholders of the Company formed the COPL Action Group in December 2023 as a direct result of the conduct of and decisions made by the Company's directors (the "Directors") led by chairman of the Board Tom Richardson. Shareholders of the Company formed the COPL Action Group inDecember 2023as a direct result of the conduct of and decisions made by the Company's directors (the " Directors ") led by chairman of the Board Tom Richardson. CAG has written to the Directors on a number of...

Shareholders of the Company formed the COPL Action Group in December 2023 as a direct result of the conduct of and decisions made by the Company's directors (the "Directors") led by chairman of the Board Tom Richardson.

CAG has written to the Directors on a number of occasions since 26 December 2023 in respect of the following matters:

To date, the only formal reply by the Company to CAG has been in the form of the press release dated 10 January 2024.

CAG has written further to the Company requesting the following action:

In the event the Directors fail to respond positively to these requests, CAG has no confidence in the Directors and calls on the entire board to resign with immediate effect.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has not been consulted on the contents of this press release.

For further information, please contact CAG at [email protected] or Adam Sinclair on +447849160656

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