BULLETIN V2026-2906
RECONNAISSANCE ENERGY AFRICA LTD. ("RECO")("RECO.WT.A")("RECO.WT.B") ("RECO.WT.C") ("RECO.WT.D")
BULLETIN TYPE: Prospectus-Unit Offering, New Listing-Warrants
BULLETIN DATE: September 15, 2026
TSX Venture Tier 2 Company
Financing Type: Short Form Prospectus Offering
Gross Proceeds: $21,850,506
Offering: 29,932,200 Units and 14,966,100 Listed Warrants. Each Unit comprised of 1 Listed Share and 0.5 Listed Warrant.
Offering Price: $0.73 per Unit
Warrant Exercise Terms: $0.93 per Listed Share for a 3-year period.
Overallotment Option: The underwriters may purchase a maximum 3,904,200 Listed Share and 1,952,100 Listed Warrants for overallotment purposes. As of September 15, 2026, such option has been fully exercised. All information presented herein includes such exercise.
Commissions in Securities:
Finder Warrants: # Finder Warrants
(Aggregate # of Finders: 3) 1,763,412
Finder Warrant Terms: Each Finder Warrant is non-transferable and exercisable for one Listed Share at $0.73 for a 3-year period.
Disclosure: Refer to the prospectus supplement dated September 3, 2026 and company's news release(s) dated September 1, 2026, September 2, 2026, September 4, 2026 and September 10, 2026.
New Listing-Warrants
Effective at the opening on Thursday, September 17, 2026, the Warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as an 'Oil & Gas' company.
Corporate Jurisdiction: British Columbia
Capitalization: Up to 14,966,100 Warrants, authorized by a Warrant Indenture dated September 10, 2026 of which 14,966,100 Warrants are issued and outstanding.
Warrants Exercise Terms: Each Warrant entitles the holder thereof to acquire one (1) Listed Share at an exercise price of $0.93 per Listed Share, until September 10, 2029.
Transfer Agent: Odyssey Trust Company
Trading Symbol: RECO.WT.D (NEW)
CUSIP Number: 75624R 19 9 (NEW)
Disclosure: Refer to the prospectus supplement dated September 3, 2026 and company's news release(s) dated September 1, 2026, September 2, 2026, September 4, 2026 and September 10, 2026.
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