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Posted by
Two Blokes Jun 5 -
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Stock
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The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+ Calgary, Alberta--(Newsfile Corp. - June 5, 2025) - Reconnaissance Energy Africa Ltd. (TSXV: RECO) (OTCQX: RECAF) (FSE: 0XD) (NSX: REC) (the "Company" or "ReconAfrica") announces that, in connection with its previously announced overnight marketed public offering of units of the Company (the "Units"), it has increased the size of the offering due to strong investor demand and has entered into an underwriting agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Canaccord Genuity Corp. and Haywood Securities Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase 33,000,000 Units at a price of C$0.50 per Unit for aggregate gross proceeds of C$16,500,000 (the "Offering").
