Off-market insider buying at Reconnaissance Energy Afr (V:RECO)

David Brian Elliott, a 10% Holder, acquired 175,000 Common Shares on an indirect ownership basis for registered holder RRSP at a price of $0.700 through a prospectus or prospectus exempt offering on August 18th, 2020. The insider also acquired 175,000 Warrants with an exercise price of $1.000 for five long years. This represents a $122,500 investment into the company's shares and an account share holdings change of 13.2%.

Reconnaissance Energy Afr is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Reconnaissance Energy Africa Ltd, formerly Lund Enterprises Corporation, is an oil and gas company. The Company is engaged in the exploration and development of oil and gas in Namibia. The Company holds interest in a petroleum exploration license in northeast Namibia, which covers the entire Kavango sedimentary basin. Its exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres).