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Africa Energy Closes Previously Announced Subscription Agreement
Africa Energy Closes Previously Announced Subscription Agreement Canada NewsWir...
About this update from Africa Energy Corp.
[{"type":"text","content":"\n \n \n \n Africa Energy Closes Previously Announced Subscription Agreement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Nov. 12, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 12, 2020\n \n /CNW/ -\n \n Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North Growth Market: AEC)\n \n (\"Africa Energy\" or the \"Company\"), an oil and gas company with exploration assets offshore\n \n South Africa\n \n and\n \n Namibia\n \n , 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\n \n August 24, 2020\n \n , previously announced in news releases dated\n \n August 24, 2020\n \n and\n \n September 22, 2020\n \n .\n \n View PDF version\n \n .\n \n \n The Common Shares issued to Impact pursuant to the Subscription Agreement will be subject to resale restrictions under Canadian securities laws until\n \n March 13, 2021\n \n .\n \n \n \n About Africa Energy Corp.\n \n \n \n Africa Energy Corp. is a Canadian oil and gas company with exploration assets offshore\n \n South Africa\n \n and\n \n Namibia\n \n . The Company is listed in\n \n Toronto\n \n on TSX Venture Exchange (ticker \"AFE\") and in\n \n Stockholm\n \n on Nasdaq First North Growth Market (ticker \"AEC\"). Africa Energy is part of the Lundin Group of Companies.\n \n \n \n \n Important information\n \n \n \n \n \n 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\n \n November 12, 2020\n \n at\n \n 2:00 p.m. Eastern Time\n \n .\n \n \n \n \n The Company's certified advisor on Nasdaq First North Stockholm is Pareto Securities AB, +46 8 402 5000,\n \n \n \n [email protected]\n \n \n \n .\n \n \n \n \n Neither TSX Venture Exchange nor its Regul...