ReconAfrica Announces C$35 Million Underwritten Offering
ReconAfrica Announces C$35 Million Underwritten Offering
The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days
发售期内,相关的发售补充招股说明书、相应的基础招股说明书及任何修改将于两个工作日内通过 SEDAR+ 可供查询。
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CALGARY, Alberta, July 17, 2024 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces that, in connection with its previously announced overnight marketed public offering (the "Offering") of units of the Company (the "Units"), it has entered into an underwriting agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Canaccord Genuity Corp. and Haywood Securities Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters will agree to purchase 28,000,000 Units for aggregate gross proceeds of C$35 million.
2024年7月17日,加拿大艾伯塔省(GLOBE NEWSWIRE)——Reconnaissance Energy Africa Ltd.(该公司或ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD)宣布,有关其此前公告过夜的市场公开发售 (该“发售”)该公司的单位 (该“单位”) 的,已与研究资本公司作为首席承销商和唯一的簿记员的代表所组成的承销团进行了承销协议,代表Underwriters同意支付C$3500万并购买2800万单位
BW Energy Limited ("BW Energy") has agreed to a strategic equity investment in the Company for US$16 million (approximately C$22 million), pursuant to the Offering in connection with the strategic partnership with the Company.
BW Energy Limited(“BW Energy”)同意通过发售与公司建立战略合作伙伴关系并进行US$1600万(约C$2200万)的战略股权投资。
Each Unit will be comprised of one common share of the Company (a "Common Share"), and one Common Share purchase warrant of the Company (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of C$1.75 at any time up to 24 months from closing of the Offering, subject to an acceleration provision as detailed further below. In the event that, at any time four months and one day after the date of issuance and prior to the expiry date of the Warrants, the moving volume weighted average trading price of the Common Shares on the TSX Venture Exchange ("Exchange"), or other principal exchange on which the Common Shares are listed, is equal to or greater than C$3.70 for any 20 consecutive trading days, the Company may, within 10 business days of the occurrence of such event, deliver a notice to the holders of Warrants accelerating the expiry date of the Warrants to the date that is 30 days following the date of such notice (the "Accelerated Exercise Period"). Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period.
每个单位将由公司的一股普通股(“普通股”)和一份公司的普通股购买认股权证(“认股权证”)组成。 每份认股权证将使持有人有权在发行结束后的24个月内,以每股1.75加元的行权价格购买一股普通股,但在下列详细规定中的加速条款限制下。如果在发行后四个月零一天的任何时间,普通股在TSX Venture Exchange(“交易所”)或其他主要上市交易所上的移动成交量加权平均交易价格等于或大于3.70加元,且连续20个交易日,公司可以在此类事件发生后的10个工作日内向认股权证持有人发出通知,加速履行期的到期日为该通知发出日后的30天(“加速履行期”) 未行使的认股权证将自动在加速行使期结束时到期。
The net proceeds from the Offering will be used for exploration activities, working capital and general corporate purposes.
所募集的净收益将用于勘探活动、营运资金及一般企业用途。
The Company has granted to the Underwriters an option (the "Over-Allotment Option"), exercisable, in whole or in part, in the sole discretion of the Underwriters, to purchase up to an additional number of Units, and/or the components thereof, that in aggregate would be equal to 15% of the total number of Units to be issued under the Offering, to cover over-allotments, if any, and for market stabilization purposes, exercisable at any time and from time to time up to 30 days following the closing of the Offering.
公司已授予承销商一项期权(“过度拨款期权”),由承销商全权决定,全额或部分行使,购买额外的 Units 或其组成部分,聚合后不超过本次发行的 Units 总数的 15%,以涵盖超额拨款(如有),并为市场稳定目的行使权利,随时可并且在本次发行结束之后的 30 天内行使。
All Units purchased by BW Energy will be subject to a six-month lock-up agreement.
所购单位均受到六个月的锁定协议约束。
The closing of the Offering is expected to occur on or about July 31, 2024 (the "Closing"), or such other earlier or later date as the Underwriters may determine. Closing is subject to the Company receiving all necessary regulatory approvals, including the approval of the Exchange to list, on the date of Closing, the Common Shares, and the Common Shares issuable upon exercise of the Warrants and the Underwriters' broker warrants, on the Exchange. In addition, the Company will use commercial reasonable efforts to obtain the necessary approvals to list the Warrants on the Exchange.
预计发售时间为2024年7月31日,或承销商确定的其他早期或晚期日期。发售须获得所有必要的监管批准,包括交易所在协议日将普通股、普通股购买认股权证以及承销商的券商认股权证列入上市名单的批准。此外,公司将尽商业合理努力获得必要的批准,将认股权证列入交易所名单。
In connection with the Offering, the Company intends to file a prospectus supplement within two business days, to the Company's short form base shelf prospectus dated February 29, 2024, with the securities regulatory authorities in each of the provinces of Canada (except Québec). Copies of the base shelf prospectus and any supplement thereto to be filed in connection with the Offering, are and will be available under the Company's profile on SEDAR+ at . The Units are being offered in each of the provinces of Canada (except Québec) and may be offered in the United States on a private placement basis pursuant to an appropriate exemption from the registration requirements under applicable U.S. law, and outside of Canada and the United States on a private placement or equivalent basis.
与发售有关,公司有意在两个工作日内提交招股补充说明,与2024年2月29日的公司短期招股说明书有关,并提交加拿大各省证券监管机构。有关发售的基础招股说明书以及任何补充说明书的副本,都可在公司SEDA®+的档案资料中查询。单位将在加拿大各省(不包括魁北克)进行公开发售,并根据适用的美国法律规定,在美国以私人配售方式提供,并以私募或等同方式在加拿大以外的地区提供。
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
本新闻稿并非在美国或任何此类要求在接受监管或进行注册前在该司法管辖区内出售或征集要约的offer或征集要约。所提供的证券尚未在美国证券法(修订后的1933年)下进行注册,其证券不得在美国境内或未在适用的美国州文件中注册或适用美国国家证券法免除相关注册要求和适用美国州文件中,向美国人出售或提供或用于美国人的利益。
About BW Energy Limited
关于BW Energy Limited
BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company's assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a 95% interest in the Kudu field in Namibia, all operated by BW Energy.
BW Energy是一家增长型勘探开发公司,采用低风险分段式开发策略,旨在针对已被证实的离岸油气储层。该公司可以利用现有的生产设施降低首油和现金流的时间,并以比传统离岸勘探更低的投资来获得收益。该公司的资产占生产Dussafu Marine许可证近73.5%的加蓬离岸块以及拥有Golfinho及Camarupim油田100%的权益、拥有位于巴西的Maromba油田95%的权益和拥有Kudu油田95%的权益,这些项目均由BW Energy运营
BW Energy, 74% owned by BW Group Ltd., was created as the E&P arm of Oslo listed BW Offshore, a company with more than four decades of experience in operating advanced offshore production solutions and executing complex projects. Since its origin, BW Offshore has executed 40 FPSO and FSO projects.
BW Energy是BW Offshore持有74%股权的公司,是奥斯陆上市公司BW Offshore的勘探开发业务。BW Offshore是一家有着超过40年在操作高级离岸生产解决方案和执行复杂项目方面的经验的公司。
About ReconAfrica
关于ReconAfrica
ReconAfrica is a Canadian oil and gas company engaged in the opening of the newly discovered Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana, where the Company holds petroleum licences 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.
ReconAfrica 是一家加拿大石油和天然气公司,致力于开发新发现的喀旺戈沉积盆地,该沉积盆地位于纳米比亚东北部和博茨瓦纳西北部的喀拉哈里沙漠,该公司拥有包括将近 800 万英亩石油许可证。在其运营的所有领域,ReconAfrica 都致力于在国际标准下尽量减少对生态环境的干扰,并在其所有项目区域推行环境和社会最佳实践。
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.
TSXV 及其监管服务提供方(如 TSXV 政策中所定义的那样)不对此发布的充分或准确性负责。
For further information contact:
有关更多信息,请联系:
Brian Reinsborough, President and Chief Executive Officer | Tel: +1-877-631-1160
Grayson Andersen, Vice President Investor Relations | Tel: +1-877-631-1160
Brian Reinsborough,总裁兼首席执行官 | 电话:+1-877-631-1160
Grayson Andersen,副总裁投资者关系 | 电话:+1-877-631-1160
Email: admin@reconafrica.com
IR Inquiries Email: investors@reconafrica.com
Media Inquiries Email: media@reconafrica.com
电子邮件:admin@reconafrica.com
IR 询问电子邮件:investors@reconafrica.com
媒体查询电子邮件:media@reconafrica.com
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, including, without limitation, statements with respect to the completion of the strategic joint venture transaction, the timing and amount of cash payments relating to the joint venture transaction, the timing and amount of any bonus payments, the timing and amount of production milestone payments, entering into a definitive agreement, the drilling of four exploration wells, the undertaking of additional seismic acquisition, statements with respect to prospective resources of oil and natural gas, the financing of exploration, development and production related costs, the expected use of proceeds from the Offering, the expected closing date of the Offering, the completion of the Offering being subject to the receipt of all necessary regulatory approvals, including acceptance of the TSXV, any potential acceleration of the expiry date of the Warrants, the listing of the Warrants, and the Company's commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in all of its project areas. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica's current belief or assumptions as to the outcome and timing of such future events. 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 dated December 4, 2023, available under the Company's profile at . 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.
关于前瞻性声明的注意事项:
本新闻稿中包含的某些陈述构成适用的加拿大、美国和其他适用的证券法律、规则和法规下的前瞻性信息,包括但不限于,与有关战略合资企业交易的完成、与合资企业交易有关的现金支付的时间和金额,任何奖金支付的时间和金额,生产里程碑支付的时间和金额,签署明确协议,四口探险井的钻探,额外地震采集,石油和天然气勘探、开发和生产相关成本的融资,预期从本次发行中筹集的资金用途,本次发行的预期结束日期以及本次发行完成受到所有必要监管批准的前提下,交易所的接受,任何可能的认购权到期日加速,认购权和承销商权证及其上的 Common Shares 上市和公司承诺最小干扰栖息地,遵循最佳国际标准和在其所有项目区域推行环境和社会最佳实践有关的陈述。这些陈述与未来事件或未来业绩有关。任何使用“可能”、“打算”、“期望”、“信仰”、“将”、“预计”、“估计”和类似表达未来前瞻性信息和与非历史事实有关的声明都旨在确定前瞻性信息并基于 ReconAfrica 在当前信仰或假设的未来事件和时间的结果和时间。然而,由于公司的实际结果和未来事件可能会因本新闻稿中讨论的因素与这些前瞻性陈述不同,因此不能保证此类陈述将证明准确。有关于前瞻性信息所描绘的、绘制的、预测的或投射的结论或假设通常是基于目前提供给 ReconAfrica 的信息。本新闻稿中所含有的前瞻性信息描绘的未来时间可能会有所不同。前瞻性信息的任何更新和修改均由 ReconAfrica 按照适用的证券法律的规定,或受其他法律法规限制告知。由于风险、不确定性和这些前瞻性信息所描绘的假设,投资者不应过分依赖前瞻性信息。上述陈述明确限制了此类前瞻性信息的适用性。
Disclosure of Oil and Gas Information:
石油天然气信息披露:
The report of Netherland, Sewell & Associates, Inc. ("NSAI") entitled "Estimates of Prospective Resources to the Reconnaissance Energy Africa Ltd. Interests in Certain Opportunities Located in Damara Fold and Thrust Belt Play Area in Petroleum Exploration Licence 73, Kavango Basin, Namibia as of February 29, 2024" (the "NSAI Report") and the prospective resource estimates contained therein and in this press release were prepared by NSAI, an independent qualified reserves evaluator, with an effective date of February 29, 2024. The NSAI Report was prepared in accordance with the definitions and guidelines of the Canadian Oil and Gas Evaluation Handbook prepared jointly by the Society of Petroleum and Engineers (Calgary Chapter) (the "COGE Handbook") and the Canadian Institute of Mining, Metallurgy & Petroleum and National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). For additional information concerning the risks and the level of uncertainty associated with recovery of the prospective resources detailed herein and in the NSAI Report, the significant positive and negative factors relevant to the prospective resources estimates detailed herein and in the NSAI Report and a description of the project to which the prospective resources estimates detailed herein and in the NSAI Report applies are contained within the NSAI Report, a copy of which has been filed with the Canadian Securities Administrators and is available under the Company's issued profile on SEDAR+ at .
Netherland、Sewell & Associates, Inc.(“NSAI”)报告,题为《Estimates of Prospective Resources to the Reconnaissance Energy Africa Ltd. Interests in Certain Opportunities Located in Damara Fold and Thrust Belt Play Area in Petroleum Exploration Licence 73, Kavango Basin, Namibia as of February 29, 2024》(“NSAI Report”),以及其中包含的前瞻性资源估计及本新闻发布稿中包含的前瞻性资源估计,是由NSAI独立的合格储量评估师编制,于2024年2月29日生效。NSAI报告是根据加拿大石油和天然气评估手册(COGE Handbook)和《加拿大矿业、冶金和石油(CIM)协会NI 51-101 – 报告油气活动的披露标准》(“NI 51-101”)的定义和指南制定的。有关此处说明及NSAI报告中详细的前瞻性资源恢复的风险和不确定性水平,详细说明此处和NSAI报告中前瞻性资源估计所适用的项目的实质性正面和负面因素及此处和NSAI报告中前瞻性资源估计所适用的项目的描述,均载于NSAI报告之中,该报告副本已向加拿大证券管理机构提交,并可通过公司在SEDAR+上的发行档案查询 .
The prospective resources shown in the NSAI Report have been estimated using probabilistic methods and are dependent on a petroleum discovery being made. If a discovery is made and development is undertaken, the probability that the recoverable volumes will equal or exceed the unrisked estimated amounts is 90 percent for the low estimate, 50 percent for the best estimate, and 10 percent for the high estimate. Low estimate and high estimate prospective resources have not been included in the NSAI Report. For the purposes of the NSAI Report, the volumes and parameters associated with the best estimate scenario of prospective resources are referred to as 2U. The 2U prospective resources have been aggregated beyond the prospect and lead level by arithmetic summation; therefore, these totals do not include the portfolio effect that might result from statistical aggregation. Statistical principles indicate that the arithmetic sums of multiple estimates may be misleading as to the volumes that may actually be recovered.
NSAI报告中显示的潜在资源估计是使用概率方法估算的,具体取决于石油发现。如果找到石油并进行开发,那么可回收的体积与未经风险评估的估计数额相等或超过其可能性分别为90%、50%和10%的最低估算,最佳估算和最高估算。 NSAI报告中未包括最低估算和最高估算的潜在资源。 就NSAI报告而言,与潜在资源的最佳估计情景相关的体积和参数称为2U。 2U潜在资源已经通过算术累积在前景和引导水平之上; 因此,这些总数不包括可能因统计累积而产生的组合效应。统计原则表明,多个估计数的算术和可能在实际恢复的体积方面是具有误导性的。
RECONNAISSANCE ENERGY AFRICA LTD.
Tel: 1-877-631-1160 |
RECONNAISSANCE ENERGY AFRICA LTD.
电话:1-877-631-1160 |