Market Reaction: Positive. The raise is at a small premium to the current share price (C$2.01) demonstrating IFC's confidence in the Company and removing one of Africa Oil's lingering doubts, namely its cash position going into the end of this year.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Market Reaction: Positive. The raise is at a small premium to the current share price (C$2.01) demonstrating IFC's confidence in the Company and removing one of Africa Oil's lingering doubts, namely its cash position going into the end of this year.
