Announcement • Jun 24
Africa Energy Corp. announced that it expects to receive CAD 6.37605 million in funding Africa Energy Corp announced that it intends to complete a non-brokered private placement to issue 47,230,000 shares at an issue price of CAD 0.135 per share for gross proceeds of CAD 6,376,050 ($4,500,000) on June 23, 2026. The transaction is subject to filings with and approval from the TSX Venture Exchange. Insiders of the Company (as defined in the policies of the TSXV) are expected to subscribe for greater than 25% of the Offering. In connection with the Offering, the Company may pay finder's fees as permitted by the policies of the TSXV. The securities issued under the Offering to residents of Canada will be subject to a hold period of four months and one day from the closing date under applicable Canadian securities laws and, to the extent applicable, the concurrent exchange hold period pursuant to the policies of the TSXV. Completion of the Offering remains subject to customary closing conditions and final acceptance by the TSXV. Announcement • Apr 14
Africa Energy Corp., Annual General Meeting, Jun 18, 2026 Africa Energy Corp., Annual General Meeting, Jun 18, 2026. Location: british columbia, Canada New Risk • Mar 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m. 
