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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).


TSXV:RECO - Post by User

Reconnaissance Energy (Africa) Ltd > 7 trading days / over $3 / Warrants call: Feb 9, 2021
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Comment by Buyhigheatchipson Jan 29, 2021 9:12pm
315 Views
Post# 32426933

RE:RE:RE:7 trading days / over $3 / Warrants call: Feb 9, 2021

RE:RE:RE:7 trading days / over $3 / Warrants call: Feb 9, 2021Here is the exact languge:

The Warrants will be subject to acceleration of the expiry date to a date 30 calendar days following notice to be provided to the holders of the Warrants by the Company in the event that the daily volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the "Exchange") for any period of 20 consecutive trading days equals or exceeds C$3.00.

Here's a question for someone that actually knows: Is the price averaged each day or over the whole period?


Ca01an wrote: What does weighted by daily volume mean exactly? Why would it mean that it might be triggered even if the sp dips below $3?


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