VANCOUVER, BC, Dec. 17, 2020 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) â Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce that it has received its sixth dividend from Prime Oil and Gas B.V. (“Prime”). View PDF version.
Prime has distributed a US$75.0 million dividend with a net payment to Africa Oil of US$37.5 million related to its 50% shareholding. The Company intends to apply US$23.8 million of this dividend to reduce the outstanding balance of the BTG term loan to US$141 million. The Company has received a total dividend amount of US$200 … Continue Reading