VANCOUVER, BC, March 31,
2025 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm:
AOI) – Africa Oil Corp. ("Africa Oil", "AOC" or the
"Company") reports the following share capital and voting rights
update in accordance with the Swedish Financial Instruments Trading
Act. PDF Version
As a result of the issuance of 239,828,655 common shares to BTG
Pactual Oil & Gas S.a.r.l, in connection with the
completion of the amalgamation to consolidate all of the Prime Oil
& Gas Coöperatief U.A shareholding in Africa Oil; the issuance
of 1,942,655 common shares in connection with the settlement of
restricted share units and performance share units under the
Company's long-term incentive plan during March 2025; and the cancellation of 394,000
shares in connection with the share buybacks executed during
February 2025, Africa Oil now has 674,673,427 common
shares issued and outstanding with voting rights as at March
31, 2025.
The Company's Annual General Meeting of Shareholders will be
held on Thursday, June 12, 2025, with
a record date of April 24, 2025. The
Company will provide a further update once the Notice of Meeting,
Management Information Circular, and related meeting materials have
been published.
About Africa Oil
Africa Oil is a full-cycle Independent upstream oil and gas
company with interests offshore Nigeria, Namibia, South
Africa and Equatorial
Guinea. Its main assets are producing and development assets
in deepwater Nigeria operated by
Majors. The Company holds a leading position in the Orange Basin
including its effective interest in the Venus light oil project,
offshore Namibia, and its direct
interest in Block 3B/4B, offshore South
Africa. The Company is listed on the Toronto Stock Exchange
and on Nasdaq Stockholm under the symbol "AOI".
Additional Information
This information is information that Africa Oil is obliged to
make public pursuant to the Swedish Financial Instruments Trading
Act. The information was submitted for publication, through
the agency of the contact persons set out above, at 5:00 p.m. EDT on March 31,
2025.
Forward Looking Information
Certain statements and information contained herein constitute
"forward-looking information" (within the meaning of applicable
Canadian securities legislation). Such statements and information
(together, "forward-looking statements") relate to future events or
the Company's future performance, business prospects or
opportunities.
All statements other than statements of historical fact may be
forward-looking statements. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"seek", "anticipate", "plan", "continue", "estimate", "expect,
"may", "will", "project", "predict", "potential", "targeting",
"intend", "could", "might", "should", "believe" and similar
expressions) are not statements of historical fact and may be
"forward looking statements".
SOURCE Africa Oil Corp.
