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

December 23, 2009 19:26 ET

Zebra Holdings and Investments S.a.r.l.: Corporate Update-Africa Oil Corp.

LUXEMBOURG, LUXEMBOURG--(Marketwire - Dec. 23, 2009) - Zebra Holdings and Investments S.a.r.l. (the "Offeror") announces that on December 15, 2009 it purchased 2,965,000 common shares (the "Shares") of Africa Oil Corp. (the "Company") at a price of $1.20 per Share, through the facilities of the TSX Venture Exchange. Prior to the purchase of the Shares, the Offeror owned 2,000,000 common shares and an investment company acting jointly with the Offeror (the "Joint Actor") owned 7,000,000 common shares of the Company, representing approximately 12.81% of the Company's issued and outstanding share capital. The Offeror and the Joint Actor now own and have control over a total of 11,965,000 common shares of the Company, or approximately 17.04% of the issued and outstanding shares of the Company.

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