Africa Energy Corporate Update

Source: www.gulfoilandgas.com 3/25/2022, Location: North America

Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, has granted incentive stock options to certain directors, officers, employees and other eligible persons of the Company to acquire 21,780,000 shares of the Company at an exercise price of CAD$0.25 per share. The options are exercisable, subject to vesting provisions, over a period of five years.


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