VANCOUVER, BC, July 27,
2022 /CNW/ - Africa Energy Corp. (TSXV: AFE)
(Nasdaq First North: AEC) ("Africa Energy" or the "Company")
regrets to announce the death of the Company's founder, Mr.
Lukas H. Lundin, in Geneva, Switzerland on July 26, 2022 at the age of 64, following a
two-year battle with brain cancer. View PDF Version
Over the past 40 years, Lukas
Lundin was the driving force behind the tremendous success
of the Lundin Group of Companies. Lukas started his career in the
international energy and mining sectors in the early 1980s working
side-by-side with his father, the late Adolf H. Lundin.
Under the leadership of Lukas and his brother Ian, and in close
cooperation with the rest of the Lundin family, the Lundin Group of
Companies has grown into an internationally recognized group of
energy and mining companies with operations around the globe,
employing more than 15,000 people and creating opportunities for
tens of thousands more.
The eleven companies that make up the Lundin Group of Companies
today have a combined market capitalization exceeding USD
$11 billion.
Lukas Lundin was instrumental
during the inception of Africa Energy in 2015, and he and his
family have been significant and supportive shareholders since the
beginning.
Lukas
Lundin's sons Harry, Adam, Jack and William said in a joint
statement:
"Our father is our biggest inspiration. His passion for
the industries to which he devoted his life was unparalleled. Lukas
saw people as the key to success and spent decades building some of
the strongest management teams in our industries. He always
strived to empower those working with him and
continuously pushed us to aim higher. We could not have had a
better father and mentor.
"Our family is deeply saddened about Lukas' passing but takes
comfort in the knowledge that his legacy will live on for
generations to come. Having worked side-by-side with Lukas for many
years, all of us look forward to continuing to build on the
successes of the companies within the Lundin Group - with the
support of our shareholders and stakeholders, not least the members
of the local communities where we operate. The companies in the
Lundin Group stand stronger than ever and the Lundin family is
united in our commitment to remain long-term shareholders."
Garrett Soden, Africa Energy's
President and CEO, commented: "We are saddened by the passing of
Africa Energy's founder and major shareholder, Lukas Lundin, and we share our condolences with
Chairman William Lundin and his
family. Lukas was a legendary entrepreneur whose track record
speaks for itself. The Africa Energy team is very thankful
for the Lundin family's continued support, and we look forward to
working with the third generation as they carry on Lukas' vision in
the natural resources sector."
About Africa Energy
Corp.
Africa Energy Corp. is a Canadian oil and gas company with
exploration assets offshore South
Africa and Namibia. The
Company is listed in Toronto on
TSX Venture Exchange (ticker "AFE") and in Stockholm on Nasdaq First North Growth Market
(ticker "AEC"). Africa Energy is part of the Lundin Group of
Companies.
Important information
The information was submitted for publication, through the
agency of the contact persons set out above on July 27, 2022 at 11:30
a.m. ET.
The Company's certified advisor on Nasdaq First North Growth
Market is Aktieinvest FK AB, +46 739 49 62 50,
rutger.ahlerup@aktieinvest.se.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
SOURCE Africa Energy Corp.