VANCOUVER, BC, June 22,
2023 /CNW/ - Africa Energy Corp.
(TSXV: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the
"Company") held its annual general and special meeting of
shareholders in Vancouver, British
Columbia today, and all resolutions were passed. View PDF
Version.
The Board of Directors would like to thank Mr. William Lundin upon his resignation for his
invaluable contribution and support since joining the Board in
2021.
A total of 937,267,913 common shares were voted at the meeting,
representing 66.58% of the votes attached to all the outstanding
common shares of the Company. Shareholders voted as follows on the
matters before the meeting:
Election of Directors
Shareholders elected the following five (5) 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
|
|
Garrett
Soden
|
934,371,715
|
99.99 %
|
48,044
|
0.01 %
|
|
Keith Hill
|
934,336,744
|
99.99 %
|
83,015
|
0.01 %
|
|
Pascal
Nicodeme
|
934,365,195
|
99.99 %
|
54,564
|
0.01 %
|
|
Johnny
Copelyn
|
934,160,215
|
99.97 %
|
259,544
|
0.03 %
|
|
Siraj Ahmed
|
934,194,450
|
99.98 %
|
225,309
|
0.02 %
|
Appointment of Auditors
Shareholders reappointed KPMG LLP as
auditor of the Company for the upcoming year and authorized the
directors of the Company to fix the remuneration of the
auditor with 99.97% of shares represented at the meeting
voting in favour.
Approval of Stock Option Plan
The Company's incentive
stock option plan was approved by shareholders with 99.93% of
shares represented at the meeting voting in favour.
Corporate Update
The Company has granted incentive
stock options to certain directors, officers, employees and other
eligible persons of the Company to acquire 2,600,000 shares of the
Company at an exercise price of CAD$0.115 per share. The options are exercisable,
subject to vesting provisions, over a period of five years.
About Africa Energy Corp.
Africa Energy Corp. is a Canadian oil and gas exploration
company focused on South Africa.
The Company is listed in Toronto
on TSX Venture Exchange (ticker "AFE") and in Stockholm on Nasdaq First North Growth Market
(ticker "AEC").
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
22, 2023, at 5:00 p.m. ET.
The Company's certified advisor on Nasdaq First North Growth
Market is Aktieinvest FK AB, +46 739 49 62 50,
rutger.ahlerup@aktieinvest.se.
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.
