Leading Proxy Advisory Firms ISS and Glass Lewis Recommend Africa Oil Shareholders Vote in Favor of the Resolution to Consolidate the Ownership of Prime in Africa Oil

VANCOUVER, BC, Oct. 7, 2024 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce that leading proxy advisory firms Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co ("Glass Lewis") have recommended that Africa Oil shareholders vote "FOR" the resolution ("Amalgamation Resolution") to approve the issuance of Common Shares to BTG Pactual Oil & Gas S.à r.l. in connection with the amalgamation of Africa Oil Papa Corp., a wholly owned subsidiary of Africa Oil, and BTG Pactual Holding S.à r.l. ("Amalgamation") This is for the purpose of consolidating 100% ownership of Prime Oil & Gas Coöperatief U.A. ("Prime") in Africa Oil. View PDF version