Privacy Policy Site Map


Africa Oil Corp.

In February 2011 we acted for Africa Oil Corp. in its acquisition of Centric Energy Corp., a former TSX Venture Exchange listed company, by way of a court approved statutory plan of arrangement for total consideration valued at approximately $60 million. Under the terms of the transaction each issued and outstanding common share of Centric was exchanged for 0.3077 common shares of Africa Oil and $0.0001 in cash. As a result of the transaction, Centric became a wholly-owned subsidiary of Africa Oil. Centric subsequently amalgamated with 0895939 B.C. Ltd., a wholly-owned subsidiary of Africa Oil, to form 0903658 B.C. Ltd.