Africa Energy Closes Previously Announced Subscription Agreement
VANCOUVER, BC, November 12, 2020 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North Growth Market: AEC) (“Africa Energy” or the “Company”), an oil and gas company with exploration assets offshore South Africa and Namibia, announces the successful closing of the equity issue of 509,092,771 common shares in the Company (the “Common Shares”) to Impact Oil & Gas Limited (“Impact”) pursuant to the terms of a subscription agreement (the “Subscription Agreement”) between the Company and Impact dated August 24, 2020, previously announced in news releases dated August 24, 2020 and