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AFRICA OIL ANNOUNCES AGREEMENT TO ACQUIRE A MATERIAL INTEREST IN IMPACT

Newswire.ca - Tue Aug 27, 6:00AM CDT

VANCOUVER, BC, Aug. 27, 2024 /CNW/ - (TSX: AOI)  (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") is pleased to announce that it has signed a call and put option agreement with three shareholders ("Selling Shareholders") in Impact Oil and Gas Limited ("Impact") to purchase a material 7.0% interest in Impact ("Option Agreement"). If exercised, the Option Agreement will increase Africa Oil's Impact shareholding to 39.5%. PDF Version.

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