in there last rns they wrote" Africa Oil Corp. ("Africa Oil" or "the Company") (TSX VENTURE:AOI) is pleased to announce that it has closed the first tranche of its $25 million private placement, previously announced on July 9, 2010. The first tranche, comprising 21,394,990 common shares, issued at $1.00 per common share, has been released to the investors. These shares are subject to a hold period expiring on November 20, 2010".
l like the last line, "these shares are subject to a hold period expiring on nov 20 2010". They have to hold their shares till after the first drill is started. this to me sounds like we will see a drill happening this year in puntlands.
the link: http://cnrp.marketwire.com/client/africa_oil/release.jsp?year=2010&actionFor=1293001&releaseSeq=0
Also rmp starting to cash up with an old friend max capital
this is looking better and better
Add to My Watchlist
What is My Watchlist?