Africa Oil Corp. (AOI.TO) said that proxy advisory firms Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. have advised shareholders to vote "FOR" the Amalgamation Resolution.
The resolution seeks approval for the issuance of Common Shares to BTG Pactual Oil & Gas as part of the amalgamation of Africa Oil Papa Corp., a wholly owned subsidiary, and BTG Pactual Holding. The aim is to achieve full ownership of Prime Oil & Gas Cooperatief U.A. within Africa Oil.
All directors and officers of Africa Oil, along with the company's largest shareholder, have committed to voting their Common Shares in favor of the Amalgamation Resolution at the special meeting scheduled for October 15, 2024.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.