/NOT FOR DISSEMINATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON
LOCATED OR RESIDENT IN THE UNITED STATES
OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATES OF
THE UNITED STATES OR THE
DISTRICT OF COLUMBIA./
VANCOUVER, BC, Aug. 26, 2020 /CNW/ - Reconnaissance Energy
Africa Ltd. (the "Company" or
"ReconAfrica") (TSXV: RECO) (OTC: LGDOF) (Frankfurt: 0XD) announces that, pursuant to
the Company's stock option plan, it has granted to certain officers
and consultants of the Company options to purchase an aggregate of
3,750,000 common shares of the Company at a price of C$0.70 and 200,000 options at a price of
C$0.76 per share for a period of up
to five years.
The Company's condensed consolidated interim financial
statements and management discussion and analysis for the three and
six months ended June 30, 2020 are
available on the System for Electronic Document Analysis and
Retrieval ("SEDAR") at www.sedar.com and on ReconAfrica's
website at www.reconafrica.com.
ReconAfrica is a junior oil and gas company engaged
in the development of the newly discovered Kavango Sedimentary
Basin, in northeast Namibia, where
the Company holds a 90% working interest in a petroleum license,
comprising approximately 6.3 million contiguous acres.
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.
SOURCE Reconnaissance Energy Africa Ltd.