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Reconnaissance Energy Africa raises $36M for 2026 work program - ICYMI

Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) CEO Brian Reinsborough talked with Proactive about the company's oversubscribed $36 million financing, which sets the stage for its 2026 operations across three key African jurisdictions. Reinsborough noted that the offering, originally targeted at $20 million, saw significant institutional interest, leading to an expansion and over-allocation.

Proactive Investors • Jan 24, 2026
ReconAfrica raises C$36.8M in underwritten equity offering

Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said on Monday it has raised C$36.8 million ($27.2 million) after completing an underwritten equity offering, including the full exercise of an over-allotment option. The Canada-listed oil and gas explorer issued 38.7 million units at C$0.95 each, with each unit consisting of one common share and one-half of a common share purchase warrant, the…

Proactive Investors • Jan 19, 2026
ReconAfrica Announces Closing of C$36.8 Million Underwritten Offering, Funded to Advance Multi-Zone Production Testing at Kavango West 1X, Accelerate Follow-on Appraisal Drilling on Kavango Discovery and Advance Activities at Ngulu Block in Gabon

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES** CALGARY, Alberta, Jan. 19, 2026 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica” or “Recon”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) is pleased to announce that it has completed its previously announced underwritten, listed issuer financing exemption offering…

GlobeNewsWire • Jan 19, 2026

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