Africa Oil Announces Strong First Quarter 2021 Financial Results and the Signing of a New Facility to Refinance its Existing Term Loan
VANCOUVER, BC, May 13, 2021 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2021. The Company is also pleased to announce that it has achieved one of its primary objectives for 2021 with the signing of a new term loan agreement (“Corporate Facility”), to refinance its existing term facility (“Term Loan”) that is due to mature in January 2022. This achieves significant reduction in borrowing costs, strengthens the balance sheet and improves the