representative work

ReconAfrica Completes $17.25 Million Bought Deal Public Offering

04/03/2024

On April 3, 2024, Reconnaissance Energy Africa Ltd. (“ReconAfrica”) completed a bought deal public offering of 19,166,705 units at a price of $0.90 per unit for aggregate gross proceeds of approximately $17.25 million, which included the full exercise of the underwriters’ over-allotment option.

The offering was led by a syndicate of underwriters, with Research Capital Corporation as lead underwriter and sole bookrunner, and including Haywood Securities Inc. and Canaccord Genuity Corp.

Cassels acted for ReconAfrica.

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