Africa Oil Announces Further Investment in Impact Oil & Gas and Share Capital and Voting Rights Update
VANCOUVER, BC, April 28, 2023 /CNW/ (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce that it has participated in a USD 95.0 million Open Offer by Impact Oil & Gas Limited (“Impact”), the privately‐owned, African‐focused exploration company. The capital raised shall be used towards funding Impact’s participating share of the multi-well drilling and testing programme in Namibia to further evaluate and appraise the Venus discovery; a world class, light-oil and associated gas field announced in February 2022[1]. Africa Oil is