Business
RECONAFRICA ANNOUNCES STOCK OPTION GRANT
RECONAFRICA ANNOUNCES STOCK OPTION GRANT Canada NewsWire CALGARY, AB , ...
About this update from Reconnaissance Energy Africa Ltd.
[{"type":"text","content":"\n\n\n\n RECONAFRICA ANNOUNCES STOCK OPTION GRANT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Aug. 9, 2024\n \n\n /CNW/ - Reconnaissance Energy Africa Ltd. (the \"Company\" or \"ReconAfrica\") (TSXV: RECO) (OTCQX: RECAF) (\n \n Frankfurt\n \n : 0XD) provides disclosure of incentive stock option grants.\n \n\n\n\n\n\n\n\n\n\n Stock Option Grants\n \n\n\n The Company announces that it has granted incentive stock options (the \"\n \n Options\n \n \") to certain directors and officers of the Company to acquire an aggregate of 3,825,000 common shares in the capital of the Company at an exercise price of\n \n $1.40\n \n per share in accordance with the Company's Stock Option Plan. The Options are exercisable for a five-year term expiring\n \n August 9, 2029\n \n , and will be subject to certain vesting provisions as determined by the board of directors of the Company. The Options are subject to restrictions on resale until\n \n December 9, 2024\n \n , in accordance with the policies of the TSX Venture Exchange.\n \n\n\n About ReconAfrica\n \n\n\n 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\n \n Namibia\n \n and northwestern\n \n Botswana\n \n , where the Company holds petroleum licenses comprising ~8 million contiguous acres. In all aspects of its operations ReconAfrica is committed to minimal disturbance of habitat in line with international standards and will implement environmental and social best practices in all of its project areas.\n \n\n\n 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.\n \n\n\n\n\n Cautionary Note Regarding Forward-Looking Statements:\n \n\n\n\n\n Certain statements contained in this press release constitute forward-looking information under applicable Canadian,\n \n United States\n \n and other applicable securities laws, ...