And the plot thickens! Pan African Oil just amalgamated with Gondwana Gold.

Gondwana Gold is listed on the TSX venture (GON.V). Currently trading at 0.215 cents.

 

Gondwana Gold Announces Execution of Definitive Agreement with Pan African Oil Ltd. to Acquire Oil and Gas Assets in Africa
Gondwana Gold Inc. GON
11/19/2012 7:24:00 PM
Gondwana Gold Announces Execution of Definitive Agreement with Pan African Oil Ltd. to Acquire Oil and Gas Assets in Africa

TORONTO, Nov. 19, 2012 /CNW Telbec/ - Gondwana Gold Inc. (TSXV: GON)("Gondwana" or the "Corporation") is pleased to announce that it has executed a definitive agreement dated November 19, 2012 with Pan African Oil Ltd. ("PAO") which contemplates a three-cornered amalgamation whereby securityholders of PAO will receive securities of Gondwana and PAO will become a wholly-owned subsidiary of Gondwana (the "Transaction").  Pursuant to the Transaction: (i) each common share of PAO will be exchanged for 0.8 (the "Exchange Ratio") of a common share of the Corporation; and (ii) each convertible security of PAO will be exchanged for similar convertible securities of the Corporation at the Exchange Ratio.