NFK to settle $75,000 debt with shares and reverse splitAFRICA HYDROCARBONS ANNOUNCES PROPOSED SHARES FOR DEBT; PRIVATE PLACEMENT Africa Hydrocarbons Inc. intends to settle outstanding indebtedness of $75,000 through the issuance of 15 million common shares of the corporation at a deemed price of 0.5 cent per common share. The common shares issued in connection with the debt settlement will be subject to a hold period of four months from the date of closing. The debt settlement is subject to the approval of the TSX Venture Exchange. As a condition to the TSX-V's acceptance of the debt settlement, the corporation has agreed to complete a consolidation of its common shares on a ratio of at least one postconsolidation share for every 10 preconsolidation shares concurrent with the closing of the debt settlement. Further information with respect to the closing of the debt settlement and the share consolidation will be provided in a future news release.