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Reconnaissance Energy Africa Ltd.
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News: RECAF
ReconAfrica raises C$21.85M to fund Namibia sidetrack drilling
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said it plans to use proceeds from its newly closed C$21.85 million bought-deal offering to fund an open-hole horizontal sidetrack and production testing program targeting Namibia's Huttenberg and Elandshoek formations. The company sold nearly 30 million units at C$0.73 per unit, including the full exercise of an over-allotment option.
ReconAfrica Announces Closing of $21.9 Million Bought-Deal Public Offering, Including Full Exercise of the Over-Allotment Option, to Conduct Horizontal Sidetrack and Production Testing Program at the Kavango West 1X of the Huttenberg Formation
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd.
ReconAfrica Announces Filing of Prospectus Supplement for Upsized Bought-Deal Public Offering of C$19 Million
The Base Shelf Prospectus and the Prospectus Supplement are accessible on SEDAR+ Calgary, Alberta--(Newsfile Corp. - September 4, 2026) - Reconnaissance Energy Africa Ltd. (TSXV: RECO) (OTCQX: RECAF) (FSE: 0XD) (NSX: REC) (the "Company" or "ReconAfrica") is pleased to announce that on September 3, 2026, in connection with its previously announced upsized bought-deal public offering of units (as described in the Company's news releases dated September 1, 2026 and September 2, 2026), it filed a prospectus supplement dated September 3, 2026 (the "Prospectus Supplement") to the Company's final short form base shelf prospectus dated April 13, 2026 (the "Base Shelf Prospectus", and together with Prospectus Supplement, the "Prospectus") with the securities commissions in each of the provinces and territories in Canada.
ReconAfrica upsizes bought-deal offering to C$19M for Namibia program
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said it will use the net proceeds from an upsized C$19 mllion bought-deal financing to fund an open-hole horizontal sidetrack and production testing program targeting the Huttenberg and Elandshoek formations, along with general corporate purposes and working capital. The company has entered into an amended agreement with Research Capital Corporation as sole bookrunner and lead underwriter, on behalf of a syndicate including Canaccord Genuity (TSX:CF, LSE:CF) Corp.
ReconAfrica Announces Upsize of Bought-Deal Public Offering to C$19 Million to Conduct Horizontal Sidetrack and Production Testing Program at the Kavango West 1X of the Huttenberg Formation
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Calgary, Alberta--(Newsfile Corp. - September 2, 2026) - Reconnaissance Energy Africa Ltd. (TSXV: RECO) (OTCQX: RECAF) (FSE: 0XD) (NSX: REC) (the "Company" or "ReconAfrica") is pleased to announce that it has entered into an amended agreement with Research Capital Corporation as the sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters, including Canaccord Genuity Corp. and ATB Cormark Capital Markets (collectively, the "Underwriters"), to increase the size of its previously announced bought-deal public offering, pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 26,028,000 units of the Company (the "Units") at a price of C$0.73 per Unit for aggregate gross proceeds to the Company of C$19,000,440 (the "Offering").
ReconAfrica Announces C$15 Million Bought-Deal Public Offering to Conduct Horizontal Sidetrack and Production Testing Program at the Kavango West 1X of the Huttenberg Formation
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Calgary, Alberta--(Newsfile Corp. - September 1, 2026) - Reconnaissance Energy Africa Ltd. (TSXV: RECO) (OTCQX: RECAF) (FSE: 0XD) (NSX: REC) (the "Company" or "ReconAfrica") is pleased to announce that it has entered into an agreement with Research Capital Corporation as the sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 20,548,000 units of the Company (the "Units") at a price of C$0.73 per Unit for aggregate gross proceeds to the Company of C$15,000,040 (the "Offering").
ReconAfrica Announces Grant of Stock Options and Restricted Share Units
CALGARY, Alberta, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the “Company”, “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that its Board of Directors has approved the grant of an aggregate of 7,715,900 stock options and 3,981,900 restricted share units to certain directors, officers, employees and consultants pursuant to the Company's Option Plan and RSU/DSU Plan approved by shareholder at the AGM held on February 19, 2026. A total of 6,188,600 options and 3,484,200 restricted share units were granted to insiders. A total of 4,210,000 options expired since the previous granting of options on September 30, 2025.
Reconnaissance Energy Africa reports progress across Namibia, Gabon and Angola operations during Q2
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) has reported continued progress across its exploration and production testing activities in Namibia, Gabon and Angola during the second quarter of 2026, while ending the period with $24.2 million in cash. The company said that it continued production testing at the KW1X well in onshore Namibia, with downhole testing beginning in early June.
