Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): V.RECO.W.A | RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango... see more

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TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Takeover question

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Post by cyrustg on Jul 27, 2021 10:24am

Takeover question

If shares held at brokerage , do they adjust the ROE shares to RECO automatically ?
Ciao

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Comment by Hotshot85 on Jul 27, 2021 10:26am

yes. it may take a few days, which means trading them may be hard to do but the conversion will happen automatically

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Comment by teheran10 on Jul 27, 2021 10:27am

Shares are always adjusted automatically. $150-$250

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Comment by cyrustg on Jul 27, 2021 10:31am

Thank you. Ciao

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Comment by nowoolinis on Jul 27, 2021 11:51am

You may wish to notify your broker of the required action........Per the media release, "Shareholders whose Renaissance Shares are registered in the name of a broker, dealer, bank, trust company or other nominee must contact their nominee to deposit their Renaissance Shares." Cheers

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