Reconnaissance Energy (Africa) Ltd V.RECO

Financing with Canaccord

[Yolostar]

https://www.newswire.ca/news-releases/reconafrica-announces-c-38-1-million-bought-deal-offering-840825496.html

[Ebenizer3]

exercisable by October 31, 2022 @ $9cad. kinda bullish, plus with over subscribe more than likely $43cad mil in reco pocket. again kinda out of left field. Good day

[Luckboxx]

Craig did not let on to this in his recent Smith Weekly interview.  Might be a reaction to a sudden opportunity?  Another farm in into adjacent blocks to the south and west?  Lots to speculate with here.  Deal terms are very good for RECO though as you mentioned.

[Ebenizer3]

maybe a jv, but with someone who's just looking to dip their toes in, some kinda option agreement. Or how about something really out of left field, mexico who is in big trouble decides to let reco drill the shell in the amatlin block. I don't think they can do anything physical in Botswana till next year and the clue for that is the EIA. yep, maybe they pick up the block due west even

[DreaminJim]

ooooh I like the Mexico angle. That would be HUGE if they received the go-ahead there.