Reconnaissance at 52-Week High on Reaction to Globe Story
Reconnaissance Energy Africa Ltd. (V.RECO) hit a new 52-week high of $12.91 on Tuesday. Reconnaissance provided a factual response to Globe Mail''s false and defamatory article dated June 20 .The article attacks ReconAfrica and Canada''s securities regulators and regulations, not on the basis of a complaint from stockholders, but because clandestine environmental activists - who refused to be identified for the story - are seeking to disrupt the Company''s promising operations in Namibia by any means necessary. In their disruptive activities against ReconAfrica and the Canadian securities regulators, these environmentalists found a willing collaborator in the Globe and Mail, which sought to lend credence to their false claims by misrepresenting the Company''s programs and intentions, including its opening of a new office in Calgary. ReconAfrica remains headquartered in British Columbia and is opening a new operations office in Calgary that will not change the Company''s regulatory jurisdiction.
Reconnaissance at 52-Week High on Reaction to Globe Story
Reconnaissance Energy Africa Ltd. (V.RECO) hit a new 52-week high of $12.91 on Tuesday. Reconnaissance provided a factual response to Globe Mail''s false and defamatory article dated June 20 .The article attacks ReconAfrica and Canada''s securities regulators and regulations, not on the basis of a complaint from stockholders, but because clandestine environmental activists - who refused to be identified for the story - are seeking to disrupt the Company''s promising operations in Namibia by any means necessary. In their disruptive activities against ReconAfrica and the Canadian securities regulators, these environmentalists found a willing collaborator in the Globe and Mail, which sought to lend credence to their false claims by misrepresenting the Company''s programs and intentions, including its opening of a new office in Calgary. ReconAfrica remains headquartered in British Columbia and is opening a new operations office in Calgary that will not change the Company''s regulatory jurisdiction.