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Africa Energy ( (TSE:AFE) ) has provided an update.
Africa Energy Corp. has successfully closed a non-brokered private placement and shares for debt transaction, raising significant funds to settle existing debts and support its operations. The transaction has resulted in Deepkloof Limited becoming a control person of the company, and a share consolidation is planned to align with TSX Venture Exchange policies, impacting the company’s share structure and market positioning.
More about Africa Energy
Africa Energy Corp. is a Canadian oil and gas exploration company focused on South Africa. The company is listed on the TSX Venture Exchange in Toronto and the Nasdaq First North Growth Market in Stockholm.
YTD Price Performance: 33.33%
Average Trading Volume: 92,117
Technical Sentiment Signal: Buy
Current Market Cap: C$56.31M
See more data about AFE stock on TipRanks’ Stock Analysis page.