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

Alternate Symbol(s):  RECAF

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 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

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Does the warrant forced conversion reset
View:
Post by Seraphim1 on Jan 20, 2021 5:02pm

Does the warrant forced conversion reset

now that they closed below the $3.00 mark?
Comment by Cancundude on Jan 20, 2021 5:06pm
Direct from the horses mouth ; The Warrants are 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. ...more  
Comment by Realmoneyguy on Jan 20, 2021 6:51pm
That’s $3 CAD ! So no reset lol.. it closed at $4.08
Comment by Seraphim1 on Jan 20, 2021 7:45pm
  sorry, I got a brain fart and confused it with below $3.00 warrant price which closed @ $2.98.   
Comment by grenouille on Jan 20, 2021 10:51pm
i'm seeing they closed @ cad 4.08   -   that is NOT below the $3.00 mark.
Reconnaissance Energy (Africa) Ltd
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