Chandler Corp acquires stake in Vancouver-based Africa Oil Corp
Jasmine Capital Investments, a subsidiary of Singapore-based public and private equity investor The Chandler Corp, has bought 6,905,000 common shares of Africa Oil Corp (TSX VENTURE:AOI) at a price of approximately C$8.53 per share. The shares were acquired via a private placement. As a result of the transaction, Jasmine owns a 10.30% stake in Africa Oil. Based in Vancouver, Africa Oil is an oil and gas company with assets in East Africa. Update: The company at the same time announced the closing of a US$450 million private placement.
29 October 2013•3 mins read
