Reconnaissance Energy Africa Ltd (RECAF)

[farml1234]

Anyone think 25 million PP is to reward Haywood customers
that own alot of ROE and bring the buyout price up to a acceptable price for them ???

Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSX-V: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has entered into an agreement with Haywood Securities Inc., as underwriter (the “Underwriter”), pursuant to which the Underwriter has agreed to buy, on a bought deal basis, 2,632,000 units (the “Units”) at a price of C$9.50 p