Petroleum Africa
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Wednesday, May 7, 2014
Africa Oil Corp., as of the opening of the market on May 6, saw its common shares commence trading on the Toronto Stock Exchange (TSX). The company’s common shares will be concurrently delisted from the TSX Venture Exchange. The company’s trading symbol and CUSIP remain the same.
Africa Oil’s common shares also currently trade on the NASDAQ OMX First North and, as with the graduation to the TSX, Africa Oil intends to apply for a graduation to the NASDAQ OMX Stockholm main board.
Keith Hill, president and CEO, commented, “The Company has enjoyed tremendous growth over the past few years as a result of our multiple major oil discoveries in Kenya. We expect much continued growth as our exploration continues on our large prospective land package in Kenya and Ethiopia. Our acreage encompasses over 215,000 sq kms and we’ve really only just begun to uncover the extent of the oil resources there. It is timely now to graduate to the senior board of the TSX and apply for the NASDAQ OMX main board as it will provide greater liquidity for the Company’s shares and allow for a broader shareholder base.”
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