ReconAfrica Secures Funding Through C$18 Million Offering
Enhancing Operations with a Major Offering
Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) is taking exciting steps in its financial strategy with the announcement of an upsized underwritten offering of units aiming to raise C$18 million. This decision stems from the Company's keen focus on expanding its operations and exploring new opportunities in the oil and gas sector.
Details of the Prospectus Supplement
On September 22, 2025, ReconAfrica filed a prospectus supplement in relation to its previously announced overnight marketed underwritten public offering. This supplement will enhance their existing base shelf prospectus and is accessible through appropriate securities commissions in each province and territory of Canada. Investors wishing to learn more can find the details on SEDAR+.
Access and Availability of the Prospectus
The Prospectus and any amendments are available under the Company’s profile on SEDAR+. Stakeholders and interested parties can access it to understand the financial implications and the strategic directions the company intends to pursue with the raised capital.
Commitment to Environmental Standards
In its operations, ReconAfrica is prioritizing environmentally responsible practices. The Company is exploring the Damara Fold Belt and Kavango Rift Basin, covering a substantial area of nearly 13 million acres. This exploration aligns with ReconAfrica's commitment to minimizing habitat disturbance and implementing the best environmental and social practices across projects.
Exploration and Development Goals
With the new funding, ReconAfrica aims to advance its exploration initiatives, focusing on ensuring minimal environmental impact while maximizing efficiency. This diligent approach not only enhances reconstructions but also reinforces their reputation within the industry.
About ReconAfrica
ReconAfrica, operating in Canada and internationally, is dedicated to oil and gas exploration. Their strategic locations include engaging in operations within the Kavango Rift Basin and the offshore Ngulu block in Gabon. With a focus on sustainable development and responsible exploration, the Company is poised for potential growth in the coming years.
Contact Information for Inquiries
For further information regarding the offering or ReconAfrica's operations, individuals can reach out to:
Brian Reinsborough, President and Chief Executive Officer
Mark Friesen, Managing Director, Investor Relations & Capital Markets
IR Inquiries: investors@reconafrica.com
Media Inquiries: media@reconafrica.com
Phone: +1-877-631-1160
Frequently Asked Questions
What is the purpose of the upsized offering?
The C$18 million offering aims to support ReconAfrica in funding its exploration projects and enhancing its operational capabilities.
Where can I access the prospectus?
The prospectus is accessible through SEDAR+, under ReconAfrica’s issuer profile for detailed financial information.
What exploration areas does ReconAfrica focus on?
ReconAfrica focuses on the Damara Fold Belt and Kavango Rift Basin, in addition to its operations on the Ngulu block offshore Gabon.
How does ReconAfrica prioritize environmental standards?
The company implements best practices to minimize ecological disturbance during its exploration activities, thus aligning with international environmental standards.
Who can I contact for investor relations?
For investor inquiries, you can contact Mark Friesen, Managing Director of Investor Relations, at investors@reconafrica.com.
About The Author
Contact Lucas Young privately here. Or send an email with ATTN: Lucas Young as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.