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Issued and Outstanding as of November 28, 2025

675,725,593

Unlimited number of common shares without par value

The following table outlines the maximum potential impact of share dilution upon full execution of outstanding convertible instruments as at the effective date of the MD&A – September 30, 2025.
 
Column 1Number
Common shares outstanding675,702,593
Outstanding share purchase options296,616
Outstanding restricted share units738,620
Outstanding share performance units6,326,414
Full dilution impact on common shares outstanding683,064,243

Insider Shareholdings

Shareholdings by insiders can be found on the following websites:

Equity Financing

Meren Energy Logo

Africa Oil Corp. has rebranded to Meren Energy Inc.