Bullboard - Stock Discussion Forum 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... see more

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Reconnaissance Energy (Africa) Ltd > Director dealings

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Post by GorgeousGeorge1 on Feb 05, 2021 6:24pm

Director dealings

Can anyone shed some light on this latest SEDI insider filing? January 5th - Scot Evans acquired 150,000 options 'privately'. I haven't seen that before. So he bought the options where? Or from who? Not sure what to make of it. No guesses please, if you don't know then don't answer. Thanks

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Comment by hipfner on Feb 05, 2021 8:18pm

Private transactions are done with people who are not deemed to be insiders. So we may never know exactly who. If you look through the very many MD&A you will see that options were awarded to a lot of people. If they are not, today, deemed to be insiders then they do not have to report the transactions.

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Comment by mydogchach on Feb 06, 2021 8:27am

GorgeousGeorge1 - (2/5/2021 6:24:33 PM) Director dealings Can anyone shed some light on this latest SEDI insider filing? January 5th - Scot Evans acquired 150,000 options 'privately'. I haven't seen that before. So he bought the options where? Or from who? Not sure what to make of it. No guesses please, if you don't know then don't answer. Thanks The Jan 5 ...more

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