Gernandt & Danielsson advised Africa Oil Corp. in connection with Africa Oil’s private placement of USD 125 million

Africa Oil has issued shares in a private placement of USD 125 million

Africa Oil Corp. announced on 12 and 13 February 2015 a private placement of USD 125 million. In connection with the private placement, the company published an admission to trading prospectus on 20 February 2015 regarding the new shares. The company issued a total amount of 57,020,270 new shares in the private placement, the completion of which was announced on 23 February 2015.

Gernandt & Danielsson advised Africa Oil Corp. with a team consisting of Partner Carl Westerberg, Senior Associate Leo Lee and Associate Erika Olofsson.