Africa Oil Receives Its Sixth Prime Dividend and CEO’s Message to the Shareholders
VANCOUVER, BC, December 17, 2020 /CNW/ (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce that it has received its sixth dividend from Prime Oil and Gas B.V. (“Prime”). Prime has distributed a US$75.0 million dividend with a net payment to Africa Oil of US$37.5 million related to its 50% shareholding. The Company intends to apply US$23.8 million of this dividend to reduce the outstanding balance of the BTG term loan to US$141 million. The Company has received a total dividend amount of US$200 million since the closing of the