ReconAfrica Announces Closing of C$17.25 Million Bought Deal Public Offering, Including the Full Exercise of the Over-Allotment Option

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VANCOUVER, BC, April 3, 2024 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has completed its previously announced bought deal public offering (the "Offering") of units (the "Units") of the Company for aggregate gross proceeds of C$17,250,035, including the full exercise of the over-allotment option. Pursuant to the Offering, a total of 19,166,705 Units were sold at a price of C$0.90 per Unit. Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant of the Company (each, a "Warrant").