Reconnaissance Energy Africa upsizes fundraising, preparations underway for Kavango West 1X well drilling - ICYMI

  • Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) CEO Brian Reinsborough talked with Proactive about the successful closing of a C$19 million offering, significantly upsized from the initial C$10 million target due to strong investor demand. Reinsborough emphasized that the raise reflects confidence in the company's renewed strategy and leadership, with support coming from long-time shareholders, management, directors, and institutional investors, including partner BW Energy.