07:12:35 EST Mon 06 Dec 2021
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Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 109,621,157
Close 2021-01-05 C$ 2.19
Recent Sedar Documents

Reconnaissance grants options to buy 825,000 shares

2021-01-06 02:13 ET - News Release

Mr. Scot Evans reports

RECONAFRICA STOCK OPTION GRANTS

Reconnaissance Energy Africa Ltd., pursuant to the company's stock option plan, has granted to consultants and employees of the company options to purchase an aggregate of 825,000 common shares of the company at a price of $2.19 per share. Three hundred fifty thousand options will expire three years from the date of grant, and 475,000 will expire five years from the date of grant.

Reconnaissance is a junior oil and gas company engaged in the opening of the newly discovered deep Kavango sedimentary basin in northeastern Namibia and northwestern Botswana, where the company holds petroleum licences comprising approximately 8.5 million contiguous acres. In all aspects of its operations, Reconnaissance is committed to minimal disturbances in line with international best standards, and will implement environmental and social best practices in all of its project areas.

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