TSX VENTURE COMPANIES
AFRICA ENERGY CORP. ("AFE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 11, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 16, 2015:
Number of Shares: 115,041,666 shares
Purchase Price: $0.06 per share
Number of Placees: 16 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Jeromie Kufflick Y 2,300,883
James R. Phillips Y 4,486,625
Jan Joost Maier Y 690,250
Pareto Securities AB (Charles Ashley) Y 17,256,250
Paul Anthony Martinez Y 1,150,417
Bank Julius Baer & Co. Ltd. Y 37,963,750
Africa Oil Corp. Y 25,539,250
Finder's Fee: Hanson Peak LLP will receive a finder's fee of US$37,500.00
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
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