Reconnaissance Energy Africa (TSE:RECO) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Reconnaissance Energy Africa Ltd., known as ReconAfrica, has successfully closed a substantial C$39 million public offering, which includes a C$22 million strategic investment from BW Energy. This financial boost aims to fund the company’s drilling activities, geophysics, 3D seismic planning, and general working capital needs. The offering also resulted in the issuance of Common Shares and Warrants, which will soon trade on the TSX Venture Exchange.
For further insights into TSE:RECO stock, check out TipRanks’ Stock Analysis page.
