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Reconnaissance Energy (Africa) Ltd V.RECO

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

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

Post by Bpultraon Jul 29, 2021 9:46am
331 Views
Post# 33620356

roe D -day July 29th

roe D -day July 29thRENAISSANCE OIL CORP. ("ROE") RECONNAISSANCE ENERGY AFRICA LTD. ("RECO")- Plan of Arrangement, Delist TSX Venture Tier 2 Companies Plan of Arrangement: The TSX Venture Exchange (the 'Exchange") has approved Renaissance Oil Corp.'s ("Renaissance") plan of arrangement (the 'Plan of Arrangement") with Reconnaissance Energy Africa Ltd. ("ReconAfrica"), pursuant to which ReconAfrica acquired all of the issued and outstanding common shares and convertible securities of Renaissance by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). The Plan of Arrangement was approved by Renaissance security holders on July 13, 2021 at an annual general and special meeting of security-holders. Renaissance received a final order from the Supreme Court of British Columbia on July 15, 2021 in connection with the Plan of Arrangement. Pursuant to the Plan of Arrangement each Renaissance shareholder will receive 0.046 of a common share of ReconAfrica for each one Renaissance share held. The Plan of Arrangement is fully described in Renaissance's Information Circular dated May 27, 2021 and the supplement to the Information Circular dated June 25, 2021. In addition, please refer to Renaissance's news releases dated May 19, 2021, June 25, 2021, July 7, 2021, July 12, 2021, July 15, 2021, July 26, 2021 and July 27, 2021. Delist: In accordance with the above, the common shares of Renaissance Oil Corp. will be delisted from the Exchange.  Accordingly, effective at the close of business Thursday, July 29, 2021 the common shares of Renaissance Oil Corp. will be delisted.
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