ReconAfrica Gears Up for Exploration with C$35M Offering

Reconnaissance Energy Africa (TSE:RECO) has released an update.

Reconnaissance Energy Africa Ltd. has engaged in a C$35 million public offering, with a strategic C$22 million investment from BW Energy. The offering consists of units that include common shares and purchase warrants with particular terms and an acceleration provision. The funds raised are earmarked for exploration activities, working capital, and general corporate purposes.

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