AFRICA OIL ANNOUNCES AGREEMENT TO ACQUIRE A MATERIAL INTEREST IN IMPACT
Vancouver, B.C., August 27, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that it has signed a call and put option agreement with three shareholders (“Selling Shareholders”) in Impact Oil and Gas Limited (“Impact”) to purchase a material 7.0% interest in Impact (“Option Agreement”). If exercised, the Option Agreement will increase Africa Oil’s Impact shareholding to 39.5%. Africa Oil Chief Executive Officer, Dr Roger Tucker, commented: “Through our shareholding in Impact we have exposure to an exciting opportunity