05:57:09 EST Sun 23 Feb 2020
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Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 65,965,645
Close 2020-02-13 C$ 0.74
Recent Sedar Documents

Reconnaissance five-million-share private placement

2020-02-13 17:57 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 22, 2020, and Jan. 28, 2020.

Number of shares:  five million shares

Purchase price:  68 cents per share

Warrants:  five million share purchase warrants to purchase five million shares

Warrant exercise price:  $1 for a five-year period

Number of placees:  50 placees

Insiders:  Carlos Javier Escribano, 75,000; Craig Allan Steinke, 36,765; David Elliott, 77,500

Total pro group involvement:  962,500 (eight placees)

Finder's' fees:  Canaccord Genuity Corp., $79,898.40 cash payable; Haywood Securities Inc., $99,348 cash payable; PI Financial Corp., $3,264 cash payable

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