TSX VENTURE COMPANIES:
AFRICA OIL CORP. ("AOI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 29, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 16, 2013:
Number of Shares: 56,505,217 shares
Purchase Price: $8.25 per share
Number of Placees: 58 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Jasmine Capital Investments PTE Ltd. Y 6,905,000
Finders' Fees: Dundee Securities Europe LLP - CDN$4,661,680
Citigroup Global Markets Limited - CDN$4,661,680
Pareto Securities AS - CDN$4,661,680
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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