It will be hard to be the original warrants but a good company with great gains over the last year.
ReconAfrica receives conditional OK to list warrants
2021-05-31 00:32 MT - News Release
Further to the completion of Reconnaissance Energy Africa Ltd.'s bought deal offering of units for gross proceeds of $41,401,380 announced on May 27, 2021, the TSX Venture Exchange has conditionally accepted for listing the common share purchase warrants issued in connection with the offering.
It is anticipated that the warrants will commence trading on the exchange under the symbol RECO.WT.A at the open on June 3, 2021.
Pursuant to the offering, a total of 2,179,020 warrants were issued, each warrant entitling the holder to acquire one common share in the capital of the company at a price of $14 until May 27, 2024. In the event that the moving volume-weighted average trading price of the common shares on the exchange over any period of 20 consecutive trading days equals or exceeds $20, the company may, upon written notice to the holders of the warrants, accelerate the expiry date of the warrants to the date that is 30 calendar days following the date of such notice.
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