VANCOUVER, British Columbia, October 15, 2024 /CNW/ – (TSX: AOI) (NASDAQ-Stockholm: AOI) – Africa Oil Corp. (“Africa Oil” or the “Company”) reports the results of the following vote: I will. The Company’s special general meeting of shareholders (the “General Meeting”) was held today in Vancouver, British Columbia. This general meeting was held for shareholders to vote on a resolution authorizing the issuance of common stock to BTG Pactual Oil & Gas S.à rl in connection with the merger of African Oil Papa Corp., a wholly owned subsidiary of African Oil, and BTG. It was held on. Pactual Holding S.à rl (the "Merger"), which aims to consolidate Prime Oil & Gas Coöperatief UA’s (“Prime”) 100% ownership interest in African Oil. View PDF version
Africa Oil shareholders approve resolution to consolidate ownership of Africa Oil Prime (CNW Group/Africa Oil Corporation)
A total of 175,155,462 common shares were voted at the meeting, representing 39.54% of the votes vested in all of the Company's outstanding common shares as of the record date of September 13, 2024. 99.61% of the votes cast were in favor of the general meeting. 0.39% voted against the merger.
Completion of the merger is subject to customary consents and approvals from the Nigerian authorities, the Toronto Stock Exchange, Nasdaq Stockholm, and the previously announced farmdown of Africa Oil’s Namibian interests held through Impact Oil & Company. Conditions such as completion are required. To carry out the merger, the ownership structure of Gas Limited and BTG Pactual Holding S.à rl will be reorganized.
About African Oil
Africa Oil Corp. is a Canadian oil and gas company with production and development assets in deepwater Nigeria, an interest in the Venus light oil and associated gas discoveries offshore Namibia, and an exploration/appraisal portfolio in West and South Africa. The Company is listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol “AOI.”
Additional Information
This information is information that Africaoil is obliged to disclose under the Swedish Financial Instruments and Exchange Act. This information was submitted for publication on October 15, 2024 at 5:00 PM EDT through the contact person’s agency listed above.
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Forward-looking information
Certain statements and information contained herein constitute “forward-looking information” (within the meaning of applicable Canadian securities laws). Such statements and information (collectively, “forward-looking statements”) relate to future events, our future performance, business prospects, or opportunities.
All statements other than statements of historical fact may be forward-looking statements. Statements that involve predictions, expectations, beliefs, plans, forecasts, objectives, assumptions, or expressions or discussions regarding future events or performance (often, but not always, such as “seeks,” “expects,” words and phrases). “plan”, “continue”, “estimate”, “expect”, “may”, “plan”, “plan”, “predict”, “possibility”, “set a goal”, “intend”, (words such as “may,” “could,” “should,” “believes” and similar expressions) are not statements of historical fact and do not constitute forward-looking statements. , known and unknown risks, ongoing uncertainties and other factors that may cause actual results or events to occur. If such forward-looking statements differ materially from those anticipated, there can be no assurance that these expectations will prove to be correct, and the Company does not intend to place undue reliance on such forward-looking statements, and the Company does not intend to We shall have no obligation to do so. , to update these forward-looking statements, except as required by applicable law. These forward-looking statements are subject to risks related to changes in macroeconomic conditions and their impact on operations, changes in crude oil prices, performance of oil fields and production facilities, contract performance of hedging counterparties, and the results of exploration and development activities. Contains uncertainty. , cost overruns, uninsured risks, regulatory and financial changes, defects in title, claims and legal proceedings, availability of materials and equipment, availability of skilled personnel, governmental or other regulatory approvals. the actual performance of our facilities, the lack of performance of our joint venture partners, the availability of financing on reasonable terms, the availability of third party service providers, equipment and processes in accordance with specifications and expectations, and operations; unanticipated environmental, health and safety effects on Actual results may differ materially from those expressed or implied by such forward-looking statements.
Source: African Petroleum Corporation
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