Africa Oil Announces Increase in Its Impact Oil & Gas Shareholding
VANCOUVER, BC, August 19, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to provide an update on the offer to minority shareholders in Impact Oil & Gas Limited (“Impact”) announced on March 18, 2024 ( “Offer”). The Company made the Offer to acquire shares from minority shareholders in Impact conditional upon completion of the farm down transaction for Impact’s Namibia assets announced on January 10, 2024. The Company has decided to waive this condition and proceed to complete the Offer. Completion is expected to occur