VANCOUVER, BC, June 20,
2024 /CNW/ - Africa Energy Corp.
(TSXV: 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. View PDF version
Shareholders voted as follows on the matters before the
meeting:
Election of Directors
Shareholders 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
|
For
|
% For
|
Withheld
|
%
Withheld
|
|
Garrett
Soden
|
337,240,574
|
99.73 %
|
898,377
|
0.27 %
|
|
Keith Hill
|
336,958,382
|
99.65 %
|
1,180,569
|
0.35 %
|
|
Pascal
Nicodeme
|
336,709,378
|
99.58 %
|
1,429,573
|
0.42 %
|
|
Siraj Ahmed
|
335,613,399
|
99.25 %
|
2,525,552
|
0.75 %
|
|
Johnny
Copelyn
|
335,799,405
|
99.31 %
|
2,339,546
|
0.69 %
|
|
Robert
Nicolella
|
336,568,022
|
99.54 %
|
1,570,929
|
0.46 %
|
Appointment of Auditors
Shareholders appointed MNP LLP as auditor of the Company for the
upcoming year and authorized the directors of the Company to fix
the remuneration of the auditor with 99.81% of shares
represented at the meeting voting in favour.
Approval of Stock Option
Plan
The Company's incentive stock option plan was approved by
shareholders with 98.87% of shares represented at the meeting
voting in favour.
Corporate Update
Subsequent to the Meeting, Africa Energy's Chairman,
Garrett Soden, resigned from the
board in order to comply with industry corporate governance
guidelines regarding the maximum number of non-executive director
appointments per individual. The Company will seek a replacement
for Mr. Soden and appoint a new Chairman in due course.
Garrett Soden commented, "Africa
Energy has exposure to a strategic asset in Block 11B/12B that should
play an important role in South
Africa's energy transition. I would like to thank all of my
fellow shareholders for their patience and continued support of the
Company."
Keith Hill, Non-Executive
Director of Africa Energy, commented, "On behalf of the Board, I
would like to thank Garrett for serving as Chairman since
June 2023 and, prior to that, as
President and CEO since July 2017,
closing several transactions for exploration assets offshore
Southern Africa and delivering two
large discoveries with TotalEnergies on Block 11B/12B."
About Africa Energy
Corp.
Africa Energy Corp. is a Canadian oil and gas exploration
company focused on South Africa.
The Company is listed in Toronto
on TSX Venture Exchange (ticker "AFE") and in Stockholm on Nasdaq First North Growth Market
(ticker "AEC").
Important information
Africa Energy is obliged to make this information public
pursuant to the EU Market Abuse Regulation. The information was
submitted for publication through the agency of the contact person
set out above on June 20, 2024,
at 5:00 p.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.