VANCOUVER, BC, Oct. 7, 2024
/CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil
Corp. ("Africa Oil" or the "Company") is pleased to
announce that leading proxy advisory firms Institutional
Shareholder Services Inc. ("ISS") and Glass Lewis & Co ("Glass
Lewis") have recommended that Africa Oil shareholders vote "FOR"
the resolution ("Amalgamation Resolution") to approve the issuance
of Common Shares to BTG Pactual Oil & Gas S.à r.l. in
connection with the amalgamation of Africa Oil Papa Corp., a wholly
owned subsidiary of Africa Oil, and BTG Pactual Holding S.à r.l.
("Amalgamation") This is for the purpose of consolidating 100%
ownership of Prime Oil & Gas Coöperatief U.A. ("Prime") in
Africa Oil. View PDF version
Each of the directors and officers of Africa Oil, and Africa
Oil's largest Shareholder have agreed to vote their Common Shares
in favor of the Amalgamation Resolution at the special meeting
("Meeting") of Africa Oil shareholders that will be held on
October 15, 2024.
Your vote is important. Please vote using the proxy form or
voting instruction form accompanying the information circular
("Circular") and return it according to the instructions provided
before 11:00 a.m. (Central European
time) on October 8, 2024, if your
Common Shares trade on the Nasdaq Stockholm Exchange and before
9:00 a.m. (Pacific time) on
October 10, 2024, if your Common
Shares trade on the Toronto Stock Exchange.
The Meeting will be held on October 15,
2024 at 9:00 a.m. (Pacific
time) / 6:00 p.m. (CET). The
location is:
Bennett Jones LLP
Fraser Boardroom, Park Place,
666
Burrard St #2500, Vancouver V6C
2X8
Further information can be found in the Circular, which can be
accessed on SEDAR+ at www.sedarplus.com, and on the Company's
website at
https://africaoilcorp.com/investor-summary/financial-reports-meetings-filings/.
About Africa Oil
Africa Oil Corp. is a Canadian oil and gas company with
producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio
in west and south of Africa. The
Company is listed on the Toronto Stock Exchange and on Nasdaq
Stockholm under the symbol "AOI".
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". Forward-looking statements involve
known and unknown risks, ongoing uncertainties and other factors
that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. No assurance
can be given that these expectations will prove to be correct and
such forward-looking statements should not be unduly relied upon.
The Company does not intend, and does not assume any obligation, to
update these forward-looking statements, except as required by
applicable laws. These forward-looking statements involve risks and
uncertainties relating to, among other things, changes in
macro-economic conditions and their impact on operations, changes
in oil prices, reservoir and production facility performance,
hedging counterparty contractual performance, results of
exploration and development activities, cost overruns, uninsured
risks, regulatory and fiscal changes, defects in title, claims and
legal proceedings, availability of materials and equipment,
availability of skilled personnel, timeliness of government or
other regulatory approvals, actual performance of facilities, joint
venture partner underperformance, availability of financing on
reasonable terms, availability of third party service providers,
equipment and processes relative to specifications and expectations
and unanticipated environmental, health and safety impacts on
operations. Actual results may differ materially from those
expressed or implied by such forward-looking statements.
SOURCE Africa Oil Corp.