ReconAfrica Announces Filing of Prospectus Supplement for Upsized Underwritten Offering of C$18 Million
ReconAfrica (OTCQX:RECAF) has filed a prospectus supplement for its previously announced upsized overnight marketed underwritten public offering of units, targeting C$18 million. The filing was made on September 22, 2025, supplementing the company's final short form base shelf prospectus dated February 29, 2024.
The prospectus has been filed with securities commissions across all Canadian provinces and territories, following the "access equals delivery" provisions. Investors can access the prospectus through SEDAR+ or obtain copies from Research Capital Corporation.
ReconAfrica (OTCQX:RECAF) ha depositato un supplemento al prospetto relativo al precedente incremento della sua offerta pubblica di unità, gestita tramite vendita all'insieme notturna, con underwriters, mirata a C$18 milioni. Il deposito è avvenuto il 22 settembre 2025 e integra il prospetto base finale di forma breve datato 29 febbraio 2024.
Il prospetto è stato depositato presso le commissioni per i valori mobiliari di tutte le province e territori canadesi, in conformità alle disposizioni “l’accesso equivale alla consegna”. Gli investitori possono consultare il prospetto tramite SEDAR+ o richiederne copie presso Research Capital Corporation.
ReconAfrica (OTCQX:RECAF) ha presentado un suplemento de prospecto para su oferta pública de unidades, ya anunciada previamente, ampliada y dirigida a ventas minoristas nocturnas con colocación garantizada, con un objetivo de 18 millones de dólares canadienses. El depósito se realizó el 22 de septiembre de 2025 y complementa el prospecto base final de formulario corto fechado el 29 de febrero de 2024.
El prospecto se ha presentado ante las comisiones de valores de todas las provincias y territorios canadienses, conforme a las disposiciones de “acceso equivale a entrega”. Los inversores pueden acceder al prospecto a través de SEDAR+ o solicitar copias a Research Capital Corporation.
ReconAfrica (OTCQX:RECAF)는 이전에 발표된 단위 매각의 상향 조정된 야간 마켓형 일반 공모를 위한 증권설명서 보충서를 제출했습니다. 목표는 캐나다 달러 1,800만 달러입니다. 이 보충서는 2025년 9월 22일에 제출되었으며 2024년 2월 29일자로 된 최종 단기형 일반 골조 설계설명서를 보완합니다.
이 증권설명서는 모든 캐나다 주 및 지역의 증권위원회에 접수되었으며, '접근은 전달과 같다'는 조항에 따라 이루어졌습니다. 투자자들은 SEDAR+를 통해 증권설명서에 접근하거나 Research Capital Corporation으로부터 사본을 받을 수 있습니다.
ReconAfrica (OTCQX:RECAF) a déposé un supplément au prospectus relatif à son offre publique d’unités, augmentée comme annoncé auparavant et réalisée par placement garanti sur le marché nocturne, visant 18 millions de dollars canadiens. Le dépôt a été effectué le 22 septembre 2025 et complète le prospectus de base à portée courte final daté du 29 février 2024.
Le prospectus a été déposé auprès des commissions des valeurs mobilières de toutes les provinces et territoires canadiens, conformément aux dispositions « access equals delivery ». Les investisseurs peuvent accéder au prospectus via SEDAR+ ou en obtenir des copies auprès de Research Capital Corporation.
ReconAfrica (OTCQX:RECAF) hat einen Prospektzusatz für das zuvor angekündigte, aufgestockte Overnight-Marketed Underwritten Public Offering von Units eingereicht, mit einem Ziel von CAN$18 Millionen. Die Einreichung erfolgte am 22. September 2025 und ergänzt den endgültigen Short-Form-Basis-Shelf-Prospekt, datiert auf den 29. Februar 2024.
Der Prospekt wurde bei Wertpapieraufsichtsbehörden in allen kanadischen Provinzen und Territorien eingereicht, gemäß den Bestimmungen „Access equals delivery“. Investoren können auf den Prospekt über SEDAR+ zugreifen oder Kopien bei Research Capital Corporation erhalten.
ReconAfrica (OTCQX:RECAF) قد قدمت ملحقprospectus لزيادة عرضها العام للوحدات كما أُعلن سابقاً، والذي يتركز على 18 مليون دولار كندي، ويدار عبر طرح على السوق ليلاً وبواسطة مكتتبين. تم تقديم الملف في 22 سبتمبر 2025، ليكمل ملف العرض الأساسي المختصر النهائي المؤرخ في 29 فبراير 2024.
تم تقديم الملحق إلى هيئات الأوراق المالية في جميع مقاطعات وأقاليم كندا، وفقاً لأحكام “الوصول يساوي التوصيل”. يمكن للمستثمرين الوصول إلى الملحق من خلال SEDAR+ أو الحصول على نسخ من Research Capital Corporation.
ReconAfrica (OTCQX:RECAF) 已为其先前宣布的单位公开发行的增发募集说明书提交了补充文件，目标为 1800万加元。该文件于2025年9月22日提交，作为对日期为2024年2月29日的最终简式基础备存招股说明书的补充。
该招股说明书已向加拿大所有省份和地区的证券委员会提交，符合“获取等同于交付”的规定。投资者可通过 SEDAR+ 访问招股说明书，或向 Research Capital Corporation 获取副本。
- None.
- Potential dilution for existing shareholders through new unit offering
- Additional capital raising indicates possible cash needs
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**
The Base Shelf Prospectus and the Prospectus Supplement are accessible on SEDAR+
CALGARY, Alberta, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica” or “Recon”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) is pleased to announce that on September 22, 2025, in connection with its previously announced upsized overnight marketed underwritten public offering of units (as described in the Company’s news releases dated September 18, 2025 and September 19, 2025), it filed a prospectus supplement dated September 22, 2025 (the “Prospectus Supplement”) to the Company’s final short form base shelf prospectus dated February 29, 2024 (the “Base Shelf Prospectus”, and together with Prospectus Supplement, the “Prospectus”) with the securities commissions in each of the provinces and territories in Canada.
Delivery of the Prospectus and any amendment thereto will be satisfied in accordance with the “access equals delivery” provisions of applicable securities legislation. The Prospectus is accessible under the Company’s issuer profile on SEDAR+ (www.sedarplus.ca).
An electronic or paper copy of the Prospectus and any amendment may be obtained, without charge, from Research Capital Corporation (“Research”) by email at ecm@researchcapital.com by providing Research with an email address or address, as applicable.
About ReconAfrica
ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences and access to ~13 million contiguous acres. The Company also operates the Ngulu block in the shallow waters offshore Gabon. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Brian Reinsborough, President and Chief Executive Officer
Mark Friesen, Managing Director, Investor Relations & Capital Markets
IR Inquiries Email: investors@reconafrica.com
Media Inquiries Email: media@reconafrica.com
Tel: +1-877-631-1160
Cautionary Note Regarding Forward-Looking Statements:
Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations. This news release contains forward-looking statements and/or forward-looking information (collectively, "forward-looking statements") that are based on ReconAfrica’s current expectations, estimates, forecasts, and projections. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements and include statements regarding management's expectation anticipated production timeline; management's exploration and development plans; and all other expectations, intentions, and plans that are not historical fact.
Forward‐looking statements are based on a number of material factors, expectations, or assumptions of ReconAfrica which have been used to develop such statements and information, but which may prove to be incorrect. Although ReconAfrica believes that the expectations reflected in such forward‐looking statements are reasonable, undue reliance should not be placed on forward‐looking statements because ReconAfrica can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: that ReconAfrica will continue to conduct its operations in a manner consistent with past operations; the quality of the reservoirs in which ReconAfrica operates; the timely development of infrastructure in areas of new production; certain cost assumptions; continued availability of equity financing to fund ReconAfrica’s current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which ReconAfrica operates; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of ReconAfrica to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; future commodity prices; currency, exchange and interest rates; regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which ReconAfrica operates; and the ability of ReconAfrica to successfully market its oil and natural gas products when discovered.
The forward‐looking information included in this news release are not guarantees of future performance and should not be unduly relied upon.
There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the "Risk Factors" section in the Company's annual information form (“AIF”) dated April 29, 2025, for the financial period ended December 31, 2024, available under the Company's profile at www.sedarplus.ca. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The forward‐looking information and statements contained in this news release speak only as of the date of this news release, and ReconAfrica does not assume any obligation to publicly update or revise any of the included forward‐looking statements or information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
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