Reconnaissance Energy Africa Ltd. raised C$10M in a bought-deal public offering led by Research Capital Corporation for exploration and development activities in the Kavango Sedimentary Basin.

Mar 26, 2024•over 1 year ago

Amount Raised

$10 Million

CalgaryOil And Gas

Investors

Research Capital Corporation

Description

Reconnaissance Energy Africa Ltd. (ReconAfrica) announced a C$10-million bought-deal public offering led by Research Capital Corporation. The net proceeds from the offering will be used for exploration and development activities, working capital, and other general corporate purposes.

Company Information

Company

Reconnaissance Energy Africa

Location

1250, 635 - 8TH AVE. S.W.

Calgary, Alberta, Canada

About

ReconAfrica is a Canadian-based oil and gas company working collaboratively with national governments to explore oil and gas potential in Northeast Namibia and Northwest Botswana – the Kavango Sedimentary Basin.

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