21:49:57 EDT Tue 15 Sep 2026
Enter Symbol
or Name
USA
CA



Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 386,030,450
Close 2026-09-15 C$ 0.58
Market Cap C$ 223,897,661
Recent Sedar+ Documents

Reconnaissance Energy Africa offering, warrant listing

2026-09-15 19:44 ET - Prospectus Approved

Financing type:  short form prospectus offering

Gross proceeds:  $21,850,506

Offering:  29,932,200 units and 14,966,100 listed warrants (Each unit comprised one listed share and 0.5 listed warrant.)

Offering price:  73 cents per unit

Warrant exercise terms:  93 cents per listed share for a three-year period

Overallotment option:  The underwriters may purchase a maximum 3,904,200 listed share and 1,952,100 listed warrants for overallotment purposes. As of Sept. 15, 2026, such option has been fully exercised. All information presented herein includes such exercise.

Commissions in securities:  1,763,412 finders' warrants (three finders)

Finder's warrant terms:  Each finder's warrant is non-transferable and is exercisable for one listed share at 73 cents for a three-year period.

Disclosure:  Refer to the prospectus supplement dated Sept. 3, 2026, and the company's news releases dated Sept. 1, 2026, Sept. 2, 2026, Sept. 4, 2026, and Sept. 10, 2026.

New listing -- warrants

Effective at the opening on Thursday, Sept. 17, 2026, the warrants of the company will commence trading on the TSX Venture Exchange. The company is classified as an oil and gas company.

Corporate jurisdiction:  British Columbia

Capitalization:  up to 14,966,100 warrants, authorized by a warrant indenture dated Sept. 10, 2026, of which 14,966,100 warrants are issued and outstanding

Warrant exercise terms:  Each warrant entitles the holder thereof to acquire one listed share at an exercise price of 93 cents per listed share until Sept. 10, 2029.

Transfer agent:  Odyssey Trust Company

Trading symbol:  RECO.WT.D (new)

Cusip No.:  75624R 19 9 (new)

Disclosure:  Refer to the prospectus supplement dated Sept. 3, 2026, and the company's news releases dated Sept. 1, 2026, Sept. 2, 2026, Sept. 4, 2026, and Sept. 10, 2026.

© 2026 Canjex Publishing Ltd. All rights reserved.