Meren Energy Inc (MRNFF)

[douginil]

Well being over subscribed is certainly better than a poke in the eye. More dilution is never fun but AOI should be in a very good position for 2014 & 2014.

Sure hope the SP starts creeping up, I was hoping for a few $'s for end of the year gifts & tax covering.

NEWS RELEASE

AFRICA OIL INCREASES PRIVATE PLACEMENT TO $232.5 MILLION

November 28, 2012 (AOI–TSXV, AOI–NASDAQ OMX) … Africa Oil Corp. (“Africa Oil” or the “Company”) reports that due to strong demand it has agreed to increase the previously announced private placement. The Company will now sell on a non-brokered, private placement basis, an aggregate of up to 30 million common shares of the Company at a price of Cdn $7.75 per share for gross proceeds of up to Cdn $232.5 million. All shares have now been placed.