VANCOUVER, April 10, 2019 /CNW/ - Africa Oil Corp.
(AOI–TSX, AOI–Nasdaq-Stockholm) ("Africa Oil" or the
"Company") announced today that it had acquired 4,752,850 common
shares of Eco (Atlantic) Oil and Gas Ltd. ("Eco") (TSXV:EOG or
LSE:ECO) for US$1.05 per common share
for a total consideration of US$4,999,998. The common shares were acquired by
Africa Oil on a non-brokered private placement basis and, together
with the 29,200,000 common shares of Eco held by the Company prior
to the acquisition, represent approximately 18.8% of Eco's issued
and outstanding share capital. View PDF version
Africa Oil acquired the common shares for investment purposes
and does not currently have the intention of exercising control or
direction over Eco. Africa Oil will review its holdings from
time to time and may continue to acquire and/or dispose of
additional securities of Eco according to market conditions and
other relevant factors in the future.
Additional Information
This information is information that Africa Oil is obliged to
make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency
of the contact person set out below, at 5:30
p.m. ET on April 10, 2019.
A copy of the Early Warning Report filed pursuant to National
Instrument 62-103 may be obtained from Rashida McLean, 604-689-7842.
SOURCE Africa Oil Corp.