ReconAfrica appoints Mark Friesen, extends warrants, updates Namcor deal

Reconnaissance Energy Africa Ltd. (ReconAfrica) announced the appointment of Mark Friesen as Managing Director, Investor Relations and Capital Markets. Friesen, based in Calgary, brings extensive energy finance and investor relations experience to the role. ReconAfrica also intends to extend the expiry date of 6,795,454 common share purchase warrants ("July Warrants") to January 18, 2027, and 1,071,500 common share purchase warrants ("September Warrants") to February 1, 2027. The July Warrants have an exercise price of CAD 1.35, and the September Warrants have an exercise price of CAD 1.40. The warrant extension is subject to TSX Venture Exchange approval. Discussions with Namcor regarding the proposed transaction are ongoing.