VANCOUVER, BC, June 10, 2021 /CNW/ - Africa Energy Corp.
(TSXV: AFE) (Nasdaq First North Growth Market: AEC) ("Africa
Energy" or the "Company") held its annual general and special
meeting of shareholders in Vancouver, British
Columbia today. After the meeting, William Lundin was appointed as Chairman of the
Board, replacing Adam Lundin who
stepped down in order to comply with industry corporate governance
guidelines regarding the maximum number of non-executive director
appointments per individual. View PDF version
Garrett Soden, the Company's
President and CEO, commented: "On behalf of the Board and senior
management team, I would like to thank Adam for his invaluable
leadership over the last few years. We appreciate the Lundin
family's continued support for Africa Energy, and we look forward
to working with Adam's brother, William, who is currently Chief
Operating Officer of International Petroleum Corp., a Canadian oil
and gas company with global operations."
Shareholders voted as follows on the matters before the
meeting:
Election of Directors
Shareholders elected the following six (6) board members
to serve on the Company's board of directors until the next
annual meeting of shareholders or until their successors are
elected or appointed:
|
Nominee
|
For
|
%
For
|
Withheld
|
%
Withheld
|
|
William
Lundin
|
946,176,680
|
99.97%
|
282,670
|
0.03%
|
|
Garrett
Soden
|
946,306,842
|
99.98%
|
152,508
|
0.02%
|
|
Keith Hill
|
946,047,452
|
99.96%
|
411,898
|
0.04%
|
|
Ian Gibbs
|
944,827,208
|
99.83%
|
1,632,142
|
0.17%
|
|
Johnny
Copelyn
|
946,332,533
|
99.99%
|
126,817
|
0.01%
|
|
Siraj
Ahmed
|
945,621,487
|
99.91%
|
837,863
|
0.09%
|
Appointment of Auditors
Shareholders reappointed PricewaterhouseCoopers LLP as auditor
of the Company for the upcoming year and authorized the directors
of the Company to fix the remuneration of the auditor.
Approval of Stock Option Plan
The Company's incentive stock option plan was approved by
shareholders with 99.95% of shares represented at the meeting
voting in favour.
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 June
10, 2021 at 5:30 p.m.
ET.
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.
