Africa Oil Corp (AOIFF)

[douginil]

Africa Oil acquires additional shares of Eco (Atlantic) Oil and Gas

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.

Read more at:
https://news.africaoilcorp.com/releases/entry/122758