Reconnaissance Energy Africa Ltd. provides disclosure of incentive stock option grants. Stock Option Grants The Company announces that it has granted incentive stock options to certain directors, officers, employees, and consultants of the Company to acquire an aggregate of 5,800,000 common shares in the capital of the Company at an exercise price of $1.40 per share in accordance with the Company's Stock Option Plan. The [...]
Reconnaissance Energy Africa Ltd. announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 , onshore northeast Namibia, and an update on the joint venture process. Brian Reinsborough, President and CEO commented: "Our operations teams and contractors are very busy completing the camp and rig moves this week. Since our last update the Jarvie-1 drilling rig has undergone all its [...]
Reconnaissance Energy Africa Ltd. announces changes to its Board of Directors, including the retirement of Chairman Craig Steinke, the appointment of the Honourable Diana McQueen as Chair and the appointment of D. Jeffrey Harder as a new independent director and Chair of the Audit Committee. Changes to the Board of Directors Mr. Craig Steinke, the founder of ReconAfrica, is retiring as a director and Chair of the Board [...]
Reconnaissance Energy Africa Ltd. announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 , onshore northeast Namibia, an update on the joint venture process and the termination of the marketing agreement with FTB Capital Inc. Brian Reinsborough, President and CEO commented: "Our operations teams and contractors are working diligently to ensure we remain on schedule for a June [...]
Reconnaissance Energy Africa Ltd. announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 , onshore northeast Namibia, an update with respect to the ongoing joint venture process and a conference event. Brian Reinsborough, President and CEO commented: "With our recently completed upsized bought deal financing we are now in a position to commence drilling of the Naingopo [...]
Reconnaissance Energy Africa Ltd. is pleased to announce that it has completed its previously announced bought deal public offering of units of the Company for aggregate gross proceeds of C$17,250,035, including the full exercise of the over-allotment option. Pursuant to the Offering, a total of 19,166,705 Units were sold at a price of C$0.90 per Unit. Each Unit consists of one common share in the capital of the Company [...]
Reconnaissance Energy Africa Ltd. is pleased to announce that it has entered into an amended agreement with Research Capital Corporation as the sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters to increase the size of its previously announced bought-deal public offering, pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 16,666,700 units of the Company at a [...]
Reconnaissance Energy Africa Ltd. is pleased to announce that it has entered into an agreement with Research Capital Corporation as the sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 11,112,000 units of the Company at a price of C$0.90 per Unit for aggregate gross proceeds to the Company of C$10,000,800 [...]
Reconnaissance Energy Africa Ltd. announces that it has engaged the services of FTB Capital Inc. to conduct investor awareness, advertising and marketing activities by distributing public information provided by the Company regarding the Company's business to various media outlets . The Publishing Agreement is valid until December 31, 2024, commencing March 18, 2024. FTB will be paid a fee of US$995,000 for its services [...]
VANCOUVER, BC, March 14, 2024 /CNW/ - Trading resumes in: Company: Reconnaissance Energy Africa Ltd. TSX-Venture Symbol: RECO All Issues: Yes Resumption : 1:15 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment [...]
Reconnaissance Energy Africa Ltd. announces an updated prospective resource estimate supported by a Prospective Resource Report dated March 12, 2024 prepared by Netherland, Sewell & Associates, Inc. , an independent qualified reserves evaluator. The Report focused solely on the Damara Fold and Thrust Belt Area, located within the Company's Petroleum Exploration Licence , in the Kavango Basin, NE Namibia, in which the [...]
VANCOUVER, BC, March 14, 2024 /CNW/ - The following issues have been halted by CIRO Company: Reconnaissance Energy Africa Ltd. TSX-Venture Symbol: RECO All Issues: Yes Reason: Pending News Halt Time : 12:35 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national [...]
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