Zebra Holdings & Investments S.a.r.l.

December 14, 2009 14:57 ET

Zebra Holdings & Investments S.a.r.l.: Corporate Update

LUXEMBOURG, LUXEMBOURG--(Marketwire - Dec. 14, 2009) - Zebra Holdings & Investments S.a.r.l. (the "Offeror") announces that on December 10, 2009 it purchased 2,000,000 common shares (the "Shares") of Africa Oil Corp. (the "Company") at a price of $1.19 per Share, through the facilities of the TSX Venture Exchange. Prior to the purchase of the Shares, an investment company acting jointly with the Offeror (the "Joint Actor") owned 7,000,000 common shares of the Company and the Offeror owned no securities of the Company. The Offeror and the Joint Actor will own and have control over a total of 9,000,000 common shares of the Company, or approximately 12.81% of the issued and outstanding shares of the Company, assuming no other shares of the Company are issued in the intervening period.

The Offeror and the Joint Actor have acquired securities in the Company for investment purposes only and may, in the ordinary course of their business, acquire additional securities of the Company depending on market and other conditions.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Zebra Holdings & Investments S.a.r.l.
    Mr. Aksel Azrac
    + 352-266-448-1