CALGARY, June 4, 2012 /CNW/ - Africa Hydrocarbons Inc. (the "Company") (TSXV: NFK) is pleased to announce that its wholly owned subsidiary, Watutatu Inc. (the "Farmee") and DualEx Energy International Inc. ("DualEx") have agreed to extend the date by which the Farmee is to provide the second installment of US$5,250,000 due to DualEx under the Bouhajla Farmout Agreement dated November 2, 2011. This extension has been granted to June 15, 2012 to allow the Company sufficient time to complete its previously announced short form prospectus equity financing.
About the Company
Africa Hydrocarbons Inc. is a Canadian based oil and natural gas company involved in the acquisition, exploration and development of oil and natural gas properties.
This press release, required by applicable Canadian laws, is not for distribution to U.S. News services or for dissemination in the United States, and does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. These securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. Persons unless registered or exempt therefrom.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
ON BEHALF OF THE BOARD OF
AFRICA HYDROCARBONS INC.