Africa Oil Corp (AOIFF)

[douginil]

Mar 7, 2018

Africa Oil Completes Investment in Impact Oil and Gas

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 7, 2018) -

Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to announce that it has completed the previously announced (February 7, 2018) investment (the "Investment") in Impact Oil and Gas Limited ("Impact"), a private UK company with exploration assets in South and West Africa.

In connection with the Investment, the Company issued 13,946,545 common shares in the capital of the Company to Helios Natural Resources 2 Limited and invested US$15 million in shares and warrants of Impact. Africa Oil owns an approximate 25.2% equity interest in Impact.


Read more at:
http://africaoilcorp.mwnewsroom.com/press-releases/africa-oil-completes-investment-in-impact-oil-and-gas-tsx-aoi-201803071107429001