VANCOUVER, BC, Nov. 12, 2020 /CNW/ - Africa Energy Corp. (TSX
Venture: AFE) (Nasdaq First North Growth Market: AEC) ("Africa
Energy" or the "Company"), an oil and gas company with exploration
assets offshore South Africa and
Namibia, announces the successful
closing of the equity issue of 509,092,771 common shares in the
Company (the "Common Shares") to Impact Oil & Gas Limited
("Impact") pursuant to the terms of a subscription agreement (the
"Subscription Agreement") between the Company and Impact dated
August 24, 2020, previously announced
in news releases dated August 24,
2020 and September 22, 2020.
View PDF version.
The Common Shares issued to Impact pursuant to the Subscription
Agreement will be subject to resale restrictions under Canadian
securities laws until March 13,
2021.
About Africa Energy Corp.
Africa Energy Corp. is a Canadian oil and gas company with
exploration assets offshore South
Africa and Namibia. The
Company is listed in Toronto on
TSX Venture Exchange (ticker "AFE") and in Stockholm on Nasdaq First North Growth Market
(ticker "AEC"). Africa Energy is part of the Lundin Group of
Companies.
Important information
This information is information that Africa Energy is obliged
to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of
the contact persons set out above on November 12, 2020 at 2:00
p.m. Eastern Time.
The Company's certified advisor on Nasdaq First North
Stockholm is Pareto Securities AB, +46 8 402 5000,
certifiedadviser.se@paretosec.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Africa Energy Corp.
