Reconnaissance Energy Africa Ltd. (TSE:RECO) has released an update.
Reconnaissance Energy Africa Ltd., an oil and gas company exploring the Kavango Sedimentary Basin in Namibia and Botswana, has announced the granting of 2.8 million stock options to directors and officers at $1.40 per share, alongside the cancellation of over 4 million previously granted options. The new options are set to expire in 2029 and come with certain vesting conditions and resale restrictions. The company emphasizes its commitment to environmental and social best practices in its operations.
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