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.
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