Dec 16 (Reuters) - Africa Energy Corp AFE.V :
* Acquires interests offshore south Africa funded by a US$5 million private
placement
* Will acquire the Afren Plc subsidiary owning a 25% participating interest in
block 2b for a cash consideration of $1 million
* To finance these transactions, co agreed to sell upto 115 million shares at a
price of C$0.06 per share for proceeds of about $5 million
* Source text for Eikon ID:nCCNc3ry0D
* Further company coverage AFE.V