Africa Energy Announces Contemplated Private Placement
VANCOUVER, BC, January 27, 2020 /CNW/ - Africa Energy Corp. (TSX Venture: AFE, Nasdaq First North Stockholm: AEC) (“Africa Energy” or the “Company”), an oil and gas company with exploration assets offshore South Africa and Namibia, announces that it intends to undertake an equity issue, on a private placement basis, of USD 20 million in newly issued common shares of the Company (the “New Shares”) through an accelerated book-building process (the “Private Placement”). The Company retains the right to increase the size of the Private Placement at its discretion based on demand. The