Privacy Policy Site Map

2012

Africa Oil Corp.
Private Placement

We acted as counsel to Africa Oil Corp. with respect to the largest financing on the TSX Venture Exchange in 2012. Africa Oil completed a $232.5 million non-brokered private placement in December 2012, issuing an aggregate of 30,000,000 common shares a price of $7.75 per common share. Africa Oil proposes to use the net proceeds of the private placement for its ongoing work program in East Africa as well as for general working capital purposes. Africa Oil is a Canadian oil and gas company listed on the TSX Venture Exchange and the NASDAQ OMX First North under the symbol “AOI”.