VANCOUVER, BC, June 30,
2022 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI)
– Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is
pleased to announce that it has received a dividend from Prime Oil
and Gas Cooperatief UA ("Prime"). The Company has a 50%
shareholding in Prime. View PDF Version
Prime has distributed a $75.0
million dividend with a net payment to Africa Oil of
$37.5 million related to its
shareholding. This is the third Prime dividend distributed this
year with Africa Oil having received an aggregate amount of
Since acquiring its 50% interest in Prime for a cash
consideration of $519.5 million in
January 2020, Africa Oil has received
13 dividends from Prime for a total amount of $562.5 million.
Also, the Company reports the following share capital and voting
rights update in accordance with the Swedish Financial Instruments
As a result of the exercise of stock options under the Company's
Stock Option Plan and return to treasury, the Company now has
477,280,774 common shares issued and outstanding with voting rights
as at June 30, 2022.
Africa Oil Corp. is a Canadian oil and gas company with
producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio
in Africa and Guyana. The Company is listed on the Toronto
Stock Exchange and on Nasdaq Stockholm under the symbol
This information is information that Africa Oil Corp. is obliged
to make public pursuant to the EU Market Abuse Regulation and the
Swedish Financial Instruments Trading Act. The information was
submitted for publication, through the agency of the contact person
set out below on June 30, 2022 at
6:45 p.m. ET.
SOURCE Africa Oil Corp.