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

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

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > NOT available in the US but yet they are?
View:
Post by pacer001 on Aug 07, 2023 3:58pm

NOT available in the US but yet they are?

An interesting tidbit from one of Recaf's new "offerings". See below:
 I 
"The securities referred to in this news releasehave not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This newsrelease shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Comment by RawSienna on Aug 07, 2023 11:12pm
It's a general type of disclaimer when securities are offered on the internet/web to let US citizens know it's not a US based company from what I can see. It's fairly detailed lawyer speak stuff. https://www.sec.gov/rules/1998/03/statement-commission-regarding-use-internet-web-sites-offer-securities-solicit