TSX VENTURES COMPANIES
AFRICA ENERGY CORP. ("AFE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 29, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 1, 2016:
Number of Shares: 60,000,000 shares
Purchase Price: $0.25 per share
Number of Placees: 16 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
James Phillips Y 536,193
Charles Ashley Heppenstall Y 8,000,000
Jan Joost Maier Y 200,000
Jeromie Kufflick Y 400,000
Africa Oil Corp. Y 12,759,947
Zebra Holdings and Investments (Guernsey) Ltd. Y 10,000,000
Aggregate Pro Group Involvement
[1 Placee] 500,000
Finder's Fee: Haywood Securities Inc. - $6,250.00
Pareto Securities AB - $352,500
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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