NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, THE UNITED KINGDOM, AUSTRALIA, HONG
KONG, ISRAEL, JAPAN, NEW
ZEALAND, SOUTH AFRICA,
SWITZERLAND OR ANY OTHER
JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD
BE UNLAWFUL OR REQUIRE REGISTRATION OR OTHER MEASURES.
VANCOUVER, BC, March 6,
2025 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) –
Africa Oil Corp. ("Africa Oil", "AOC" or the "Company")
has prepared a supplement (the "Supplement") to the Swedish
prospectus regarding the admission to trading on Nasdaq Stockholm
of 239,828,655 new common shares issued to BTG Oil & Gas as
part of the ongoing amalgamation, which was approved by the Swedish
Financial Supervisory Authority and published on February 21, 2025 (the "Prospectus"). The
Supplement has been prepared in accordance with Article 23 of the
Regulation (EU) 2017/1129 of the European Parliament and of the
Council (the "Prospectus Regulation") and has today been
approved by the Swedish Financial Supervisory Authority. The
Supplement forms part of and should be read together with the
Prospectus. The Prospectus and the Supplement are available on
Africa Oil's website (www.africaoilcorp.com) and will be available
on the Swedish Financial Supervisory Authority's website
(www.fi.se). View PDF version.
The Supplement has been prepared due to, among other things, the
publication of Africa Oil's consolidated financial statements for
the year ended December 31, 2024.
For complete information about the amalgamation and the
admission to trading of the new common shares on Nasdaq Stockholm,
please refer to the Prospectus and the Supplement. The amalgamation
is expected to close, and the new shares are expected to be
admitted to trading on Nasdaq Stockholm, on or around March 13, 2025.
About Africa Oil
Africa Oil Corp. is a Canadian oil and gas company with
producing and development assets in deepwater Nigeria, an interest in the Venus light oil
and associated gas discovery, offshore Namibia, and an exploration/appraisal
portfolio in West and South of Africa. The Company is listed on the Toronto
Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".
The information was submitted for publication, through the
agency of the contact persons set out above, at 06:00 EST on
March 6, 2025.
Important information
Publication, distribution or release of this press release
may, in certain jurisdictions, be subject to restrictions by law
and the persons in such jurisdictions where this press release has
been published or distributed should inform themselves of and
follow such legal restrictions. The recipient of this press release
is responsible for using this press release, and the information
contained herein, in accordance with applicable rules in each
jurisdiction. This press release does not constitute or form part
of an offer, or a solicitation of any offer, to acquire or
subscribe for any securities in the Company in any jurisdiction,
neither from the Company nor from anyone else.
This press release does not constitute or form part of an offer
or solicitation to purchase or subscribe for securities in
the United States. The securities
referred to herein may not be sold in the
United States absent registration or an exemption from
registration under the US Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold within
the United States absent
registration or an applicable exemption from, or in a transaction
not subject to, the registration requirements of the Securities
Act. There is no intention to register any securities referred to
herein in the United States or to
make a public offering of the securities in the United States. The information in this
press release may not be announced, published, copied, reproduced
or distributed, directly or indirectly, in whole or in part, within
or into Australia, Belarus, Hong
Kong, Japan, New Zeeland,
Russia, Singapore, South
Africa, Switzerland,
the United States, or in any other
jurisdiction where such announcement, publication or distribution
of the information would not comply with applicable laws and
regulations or where such actions are subject to legal restrictions
or would require additional registration or other measures than
what is required under Swedish law. Actions taken in violation of
this instruction may constitute a crime against applicable
securities laws and regulations.
In the United Kingdom, this
document, and any other material relating to the securities
referred to herein, is only being distributed to, and is only
directed at, and any investment or investment activity attributable
to this document is only available to, and will be engaged in only
by, "qualified investors" as defined as (i) professional investors
as set out in Article 19 (5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order"); or
(ii) fall within Article 49 (2)(a) to (d) ("entities with high net
worth" etc.) of the Order, (all such persons together being
referred to as "Relevant Persons"). An investment or
investment activity to which this communication relates in the
United Kingdom is available only
to Relevant Persons and will only be carried out with Relevant
Persons. Persons that are not Relevant Persons should not take any
action based on this press release and should not act or rely on
it.
This press release is not a prospectus for the purposes of
Regulation (EU) 2017/1129 (the "Prospectus Regulation") and
has not been approved by any regulatory authority in any
jurisdiction. The Company has not authorised any offer to the
public of shares or rights in any member state of the EEA (or
elsewhere). In any EEA Member State and in the United Kingdom, this communication is only
addressed to and is only directed at qualified investors in that
Member State or in the United
Kingdom within the meaning of the Prospectus Regulation.
SOURCE Africa Oil Corp.
