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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.

Proactive Investors • Sep 10, 2026
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…

Newsfile Corp • Sep 4, 2026
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…

Proactive Investors • Sep 2, 2026
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…

Newsfile Corp • Sep 2, 2026

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