Douglas Raymore Allen, a Senior Officer, acquired 700,000 Common Shares on a direct ownership basis at a price of $0.700 through a prospectus or prospectus exempt offering on August 20th, 2020. The insider also acquired 700,000 Warrants with an exercise price of $1.000 for five long years. This represents a $490,000 investment into the company's shares and an account share holdings change of greater than 100%.
One other insider also reported buying units.
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).
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