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Africa Energy Corp. Announces Proposed Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICAVANCOUVER, BC, June 23, 2026 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) announces that, subject to filings with and approval from the TSX Venture Exchange (the “TSXV”), it intends to complete a non-brokered private placement (the “Offering”) of common shares in the capital of the Company (each, a “Common Share”) at a price of C$0.135 per Common Share for aggregate gross proceeds of up to US$4,500,000 (the “Offering”). Insiders

Africa Energy Announces Annual Meeting Voting Results

VANCOUVER, BC, June 18, 2026 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) held its annual general and special meeting of shareholders in Vancouver, British Columbia today (the “Meeting”), and all resolutions were passed. Shareholders voted as follows on the matters before the meeting: Election of Directors Shareholders elected the following five (5) board members to serve on the Company’s board of directors until the next annual meeting of shareholders or until their successors are elected or appointed: Nominee

Africa Energy’s Annual General and Special Meeting of Shareholders to be Held on June 18, 2026

VANCOUVER, BC, May 15, 2026 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) is pleased to announce that its Annual General and Special Meeting of Shareholders will be held in Canada on Thursday, June 18, 2026, at 9:00 am (Pacific Time) at Suite 2500, 666 Burrard Street, Vancouver, British Columbia, V6C 2X8 for the following purposes: 1. To receive the consolidated audited financial statements and accompanying management discussion and analysis of the Company for the year ended December 31, 2025, together with the report of the

Africa Energy Announces First Quarter 2026 Results

VANCOUVER, BC, May 14, 2026 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”), an oil and gas exploration company, announces financial and operating results for the three months ended March 31, 2026. Robert Nicolella, Africa Energy's CEO, commented, “We took the prudent step of pausing the Environmental Social Impact Assessment (“ESIA”) for Block 11B/12B[1], offshore South Africa, following the previous decision by the Western Cape High Court to set aside an environmental authorization for offshore exploration operations in Block

Africa Energy Announces Block 11B/12B Operations Update

VANCOUVER, BC, April 29, 2026 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) announces that the Company, through its investment in Main Street 1549 Pty Ltd. (“Main Street”), which holds an interest in Block 11B/12B, offshore the Republic of South Africa, has obtained a further extension for the submission of a new Environmental and Social Impact Assessment ("ESIA") to November 4, 2026. The further extension to the ESIA has been granted in light of the decision by the Western Cape High Court in South Africa ("High Court") to set

Africa Energy Announces 2025 Year End Results

VANCOUVER, BC, March 25, 2026 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”), an oil and gas exploration company, announces financial and operating results for the year ended December 31, 2025. Robert Nicolella, Africa Energy's CEO, commented, “We are feeling cautiously optimistic about the recent announcements made by key ministers in government regarding the importance of natural gas as a key transition fuel in the energy transition and the decision to proceed with determination of appeals against environmental authorizations.

Africa Energy Announces Corporate Update

VANCOUVER, BC, Jan. 26, 2026 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) announces that Dr. Phindile Masangane has resigned from her roles as Director and Officer, serving as Head of Strategy and Business Development since May 2025. Dr. Masangane has accepted an executive position with the Development Bank of South Africa. While stepping down from her formal positions with the Company, Dr. Masangane will continue to support Africa Energy Corp. in a consulting capacity. In this role, she will assist the Company in advancing

Africa Energy Announces Third Quarter 2025 Results and Corporate Update

VANCOUVER, BC, Nov. 12, 2025 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”), an oil and gas exploration company, announces corporate update and financial and operating results for the three and nine months ended September 30, 2025. Following the recent decision of the Western Cape High Court in the Republic of South Africa to set aside an environmental authorization for the offshore exploration operations in Block 5/6/7 (held by unrelated parties), we have taken the prudent step of pausing our Environmental and Social Impact

Africa Energy Announces Block 11B/12B Operations Update

VANCOUVER, BC, Oct. 9, 2025 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) announces that the Company, through its investment in Main Street 1549 Pty Ltd. (“Main Street”), which holds an interest in Block 11B/12B, offshore the Republic of South Africa, has obtained an extension to the deadline for the submission of a new Environmental and Social Impact Assessment ("ESIA") to May 4, 2026. The extension to the ESIA has been granted in light of the recent decision by the Western Cape High Court in South Africa ("High Court") to

Africa Energy Announces Second Quarter 2025 Results

VANCOUVER, BC, August 14, 2025 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”), an oil and gas exploration company, announces corporate update and financial and operating results for the three and six months ended June 30, 2025. Robert Nicolella, Chief Executive Officer of Africa Energy, commented, "We are very pleased that the Company has demonstrated significant progress on many fronts for this exciting project.  We have been successful in our efforts to consolidate and add clarity to our interest in Block 11B/12B after the

Africa Energy Announces Annual Meeting Voting Results

VANCOUVER, BC, June 20, 2025 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) held its annual general and special meeting of shareholders in Vancouver, British Columbia today (the “Meeting”), and all resolutions were passed. Shareholders voted as follows on the matters before the meeting: Election of DirectorsShareholders elected the following six (6) board members to serve on the Company’s board of directors until the next annual meeting of shareholders or until their successors are elected or appointed: Nominee

Africa Energy Executes Definitive Agreements with Arostyle

VANCOUVER, BC, May 29, 2025 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) announces that, following the signing of non-binding agreements that were previously announced December 20, 2024, the Company, Arostyle Investments (RF) Proprietary Ltd. (“Arostyle”) and Main Street 1549 Proprietary Ltd (“Main Street”) (together the “Parties”) have now executed definitive binding agreements (the “Agreements”) for the purpose of restructuring the Company’s and Arostyle’s investment in Main Street. Main Street currently has a direct 10%

Africa Energy Announces Update To Consolidation

VANCOUVER, BC, May 22, 2025  /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company") announces an update to the consolidation of common shares of the Company (the "Shares"), further to its press releases on January 30, 2025 and March 31, 2025. The consolidation of the Shares on a 5:1 basis (the "Consolidation") was approved by the Company's shareholders at the special meeting of shareholders held on March 27, 2025.  Prior to the Consolidation, the Company has 2,395,812,249 Shares issued and outstanding. Following the Consolidation, the

Africa Energy’s Annual General and Special Meeting of Shareholders to be Held on June 20, 2025

VANCOUVER, BC, May 16, 2025 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) is pleased to announce that its Annual General and Special Meeting of Shareholders will be held in Canada on Friday, June 20, 2025, at 9:00 am (Pacific Time) at Suite 2500, 666 Burrard Street, Vancouver, British Columbia, V6C 2X8 for the following purposes: 1. To receive the consolidated audited financial statements and accompanying management discussion and analysis of the Company for the year ended December 31, 2024, together with the report of the

Africa Energy Announces First Quarter 2025 Results and Corporate Update

VANCOUVER, BC, May 15, 2025 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”), an oil and gas exploration company, announces corporate update and financial and operating results for the three months ended March 31, 2025. On March 31, 2025, the Company closed a non-brokered private placement of common shares and a shares-for-debt transaction, which significantly improved the Company’s financial position. These transactions allowed the Company fully repay its debt, which consisted exclusively of obligations under the existing

Africa Energy Announces Corporate Update

VANCOUVER, BC, April 29, 2025 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) is pleased to announce that it has hired Dr. Phindile Masangane as Head of Strategy and Business Development. In addition, Dr. Masangane will join the Company’s Board of Directors, effective immediately. Robert Nicolella, Africa Energy's Chief Executive Officer, commented, “We are pleased to have Phindile join our leadership group. She brings a significant amount of experience in the energy sector to our team. She will be instrumental in assisting

Africa Energy Closes Previously Announced Non-Brokered Private Placement and Shares for Debt Transaction

VANCOUVER, BC, March 31, 2025 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) announces the successful closing of its non-brokered private placement of common shares of the Company (the “Shares”) previously announced on December 23, 2024 and updated on January 30, 2025. As previously disclosed, the transaction consisted of a shares for debt transaction whereby the Company settled US$5,425,607 (C$7,796,940) of existing indebtedness through the issuance of 389,847,000 Shares to existing debtholders (the “Shares for Debt Transaction”),

Africa Energy Announces 2024 Year End Results

VANCOUVER, BC, March 27, 2025 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”), an oil and gas exploration company, announces financial and operating results for the year ended December 31, 2024.   FINANCIAL AND OPERATIONAL UPDATE   The Company’s financial results for the year ended December 31, 2024 have been negatively impacted by a US$97.4 million non-cash loss on revaluation of our investment in Block 11B/12B, offshore South Africa, which was due to changes in base assumptions for discount rates applied in the

Africa Energy Announces Update To Non-Brokered Private Placement

VANCOUVER, BC, January 30, 2025 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) announces an update to the non-brokered private placement of common shares of the Company (the “Shares”), previously announced on December 23, 2024. Following discussions with the TSX Venture Exchange (the “TSXV”), the transaction will now consist of a shares for debt transaction whereby the Company will settle approximately US$5,425,000 (C$7,796,940) of existing indebtedness through the issuance of 389,847,000 Shares to existing debtholders (the “

Africa Energy Announces Non-Brokered Private Placement

VANCOUVER, BC, December 23, 2024 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement of up to 988,000,000 common shares (the “Shares”) to be sold at a purchase price of Canadian $0.02 per Share for aggregate gross proceeds of up to approximately US$13,750,000 (Canadian $19,760,000) (the “Private Placement”). In connection with the Private Placement, certain lenders under the Company’s existing debt have committed to supporting the Private Placement.

Africa Energy Enters Into a Non-Binding Agreement with Arostyle

VANCOUVER, BC, Dec. 20, 2024 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) announces that the Company and Arostyle Investments (RF) Proprietary Ltd. (“Arostyle”) (together the “Parties”) have entered into a non-binding agreement (the “Agreement”) to restructure their joint investment in Main Street 1549 Proprietary Ltd. (“Main Street”), which currently has a direct 10% participating interest in Block 11B/12B offshore South Africa.   The Company owns 49% of the common shares and 100% of the Class B shares of Main Street. The

Africa Energy Announces Block 11B/12B Operations Update

VANCOUVER, BC, Nov. 25, 2024 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) announces that the Company, through its investment in Main Street 1549 Pty Ltd. (“Main Street”), has formally become the operator of Block 11B/12B offshore South Africa. Main Street is currently in the process of obtaining all the important information from the previous operator, including drilling, reservoir and development engineering data. Main Street is in the process of completing the Environmental and Social Impact Report (“ESIR”) and expects to

Africa Energy Announces Third Quarter 2024 Results

VANCOUVER, BC, Nov. 14, 2024 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”), an oil and gas exploration company, announces corporate update and financial and operating results for the three and nine months ended September 30, 2024.   FINANCIAL AND OPERATIONAL UPDATE   The Company’s financial results for the nine months ended September 30, 2024 have been negatively impacted by a US$97.4 million non-cash loss on revaluation of our investment in Block 11B/12B, which was due to changes in base assumptions for discount

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