Africa Energy Announces Contemplated Private Placement
Not for distribution to U.S. news wire services or for dissemination in the United StatesVANCOUVER, BC, September 21, 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 that it intends to undertake an equity issue, on a private placement basis, of up to USD 25 million in newly issued common shares of the Company (the “Offer Shares”) through an accelerated book-building process (the “Private Placement”). The Company retains