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Posted by
Two Blokes Jun 17 -
Filed in
Stock
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Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) has closed a C$19 million upsized public offering of units, including the full exercise of the over-allotment option, to fund upcoming exploration activities in Namibia's Kavango Basin. Proceeds will be used to drill the Kavango West 1X exploration well—ReconAfrica's second test of the Damara Fold Belt play in northeastern Namibia.
