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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 curious14on Mar 16, 2021 4:54pm
293 Views
Post# 32810130

Warrants Settlement

Warrants Settlement

c14

Shares Issued 130,917,056
Last Close 3/16/2021 $3.41
Tuesday March 16 2021 - Warrants Expire

Pursuant to the TSX Venture Exchange bulletin dated March 8, 2021, any warrants that have not been exercised by 1:30 p.m. Vancouver time on March 18, 2021, will automatically be cancelled.

Effective at the opening, March 16, 2021, the warrants of the company will trade for cash. The warrants will expire on March 18, 2021, and will therefore be halted at 12 p.m. ET and will be delisted at the close of business March 18, 2021.

Trade dates:

 

  • March 16, 2021, to settle March 17, 2021;
  • March 17, 2021, to settle March 18, 2021;
  • March 18, 2021, to settle March 18, 2021.

 

On the expiry date, trading shall cease at 12 p.m. ET and no transactions shall take place thereafter except with permission of the exchange.

The above is in compliance with trading Rule C.2.18, expiry date. Trading in the warrants shall be for cash for the two trading days preceding the expiry date and cash same day on the expiry date. On the expiry date, trading shall cease at 12 p.m. ET and no transactions shall take place thereafter except with permission of the exchange. 

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