Stockholm, May 4, 2018— Nasdaq (Nasdaq: NDAQ) announces that the trading in Africa Energy Corp.’s shares (short name: AEC) will commence today on Nasdaq First North in Stockholm. Africa Energy Corp. (“Africa Energy”) belongs to the oil and gas sector and is the 27th company to be admitted to trading on Nasdaq’s Nordic markets* in 2018.
Africa Energy is a Canadian oil and gas company with exploration assets in South Africa and Namibia. The company’s long-term goal is to create shareholder value by building an attractive portfolio of exploration and production assets across Africa. Africa Energy is part of the Lundin Group of Companies and is currently also listed on the TSX Venture Exchange under ticker symbol “AFE”. For more information, please visit: www.africaenergycorp.com.
“We are excited to join the other Lundin Group companies listed on Nasdaq First North,” said Garrett Soden, President and CEO of Africa Energy. “We expect the secondary listing in Stockholm to increase our trading liquidity and provide access to a wider retail and institutional investor base in Europe.”
“We congratulate Africa Energy on its successful Nasdaq First North listing,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “Africa Energy will make a compelling addition to our oil and gas sector, and we look forward to supporting the company with the increased investor exposure that comes with a Nasdaq First North listing.”
Africa Energy Corp. has appointed Pareto Securities AB as the Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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