Stocks in Play

Africa Oil Corp.

09:53 AM EST - Africa Oil Corp. : Announced that the Toronto Stock Exchange has approved the Company's proposed normal course issuer bid (referred to as a share buy-back program in Europe) of up to $95 million. Pursuant to the NCIB, Africa Oil is authorized to repurchase through the facilities of the TSX, NASDAQ Stockholm and/or alternative Canadian trading systems, as and when considered advisable by Africa Oil, up to 40,482,356 common shares of Africa Oil, representing approximately 8.5% of the 477,584,774 Common Shares outstanding as at September 20, 2022 (or 10% of Africa Oil's "public float" as at September 20, 2022), over a period of 12 months commencing September 27, 2022 and ending on the earlier of September 26, 2023, the date on which the Company has purchased the maximum number of Common Shares permitted under the NCIB, and the date on which the NCIB is terminated by Africa Oil. Africa Oil Corp. shares T.AOI are trading down $0.10 at $2.42.