Africa Oil Corp (AOIFF)

[douginil]

Africa Oil Closes US$125 Million Brokered Private Placement

Hmmmm per the bolded statement I guess us guys & gals in the USA are not supposed to read the following.

http://webmailb.netzero.net/webmail/new/5?session_redirect=true&userinfo=150fb40fa9758ba8704b913d0c3a1d36&count=1424697767&cf=SP2&randid=603491022

Africa Oil Corp.
TSX: AOI
OMX: AOI

Other Recent News | Printer Friendly Version
February 23, 2015
Africa Oil Closes US$125 Million Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 23, 2015) -

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that it has closed the US$125,000,000 brokered private placement, previously announced on February 13, 2015. An aggregate of 57,020,270 common shares, issued at a price of SEK 18.50 (Cdn $2.74(1) equivalent) per share for gross proceeds of SEK 1,054,874,995, or US $125,000,000 equivalent, (the "Offering") have been released to investors.

The common shares were placed through a syndicate comprising Dundee Securities Europe LLP and Pareto Securities, who together acted as joint bookrunners (the "Joint Bookrunners"). A cash commission equal to 4% of the gross proceeds of the Offering was paid to the Joint Bookrunners.

Net proceeds of the private placement will be used for ongoing exploration, appraisal and development activities in East Africa, as well as for corporate development and general working capital purposes.

Subject to applicable securities laws, common shares issued to residents outside of Canada pursuant to the Offering may not be sold, transferred or otherwise disposed of on the TSX or, except pursuant to an exemption from prospectus requirements under Canadian securities laws, to any person in Canada or otherwise into Canada for a period of four months plus one day from the date of the closing of the Offering.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.