/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, Jan. 6, 2021 /CNW/ - Reconnaissance Energy
Africa Ltd. (the "Company" or
"ReconAfrica") (TSXV: RECO) (OTCQX: RECAF)
(Frankfurt: 0XD) announces that,
pursuant to the Company's stock option plan, it has granted to
consultants and employees of the Company options to purchase an
aggregate of 825,000 common shares of the Company at a price of
C$2.19 per share. 350,000
options will expire three years from the date of grant and 475,000
will expire five years from the date of grant.
ReconAfrica is a junior oil and gas company engaged
in the opening of the newly discovered deep Kavango Sedimentary
Basin, in northeastern Namibia and
northwestern Botswana, where the
Company holds petroleum licences comprising approximately 8.5
million contiguous acres. In all aspects of its operations,
ReconAfrica is committed to minimal disturbances in line
with international best standards and will implement environmental
and social best practices in all of its project areas.
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.