VANCOUVER, BC, Feb. 18, 2021 /CNW/ - Reconnaissance Energy
Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V: RECO) (OTC:
LGDOF) (Frankfurt: 0XD) is pleased
to announce that Mark Gerlitz has
joined the Board of Directors of the Company.
Mark Gerlitz is the Principal of
Canadian based MonteLago Consulting which provides advisory
services to the International Energy Industry. Mr. Gerlitz has over
20 years' experience advising States, national energy companies and
international energy companies across the entire energy value
chain. His expertise comprises numerous important areas,
including: financing, strategic planning,
mergers and acquisitions, joint ventures, partnerships,
farm-ins and other business combinations, energy marketing sales,
as well as environmental, social and governance matters.
His experience spans most of the resource-rich regions and major
financial centres around the globe.
Mr. Gerlitz played a vital role in establishing the Annual
Sino-Canadian Oil and Gas Symposium in Calgary, Canada, and is an active member of
the Association of International Petroleum Negotiators.
Mr. Gerlitz has served on or worked with boards of directors and
committees of public and private companies in various industries
throughout the international capital markets. He has advised
special committees on hostile and friendly business combinations,
including multi-billion-dollar international energy transactions
requiring foreign investment approvals. Mr. Gerlitz' committee work
includes membership on: audit, human resources, compensation,
governance, nomination and special committees, and he has often
held the role of committee or meeting chair. Mr. Gerlitz is an
active member of the Institute of Corporate Directors and the
National Association of Parliamentarians. Mr. Gerlitz holds a
Masters of Business Administration (Banking) from the University of
London and a Juris Doctor,
Bachelor of Science (Biology), and Bachelor of Arts (Political
Science) from the University of Calgary.
"I am pleased to welcome Mark
Gerlitz to the Board," said Scot
Evans, ReconAfrica CEO. "I also want to thank Shiraz Dhanani
for his service to the Company as a director and for guiding the
Company to its current stage. Mr. Dhanani will continue as a
consultant to the Company providing ongoing technical advice, and
as a member of our new Advisory Committee."
ReconAfrica is a junior Canadian oil and gas company
engaged in the opening of the newly discovered deep Kavango
Sedimentary Basin, in the Kalahari Desert of northeastern
Namibia and northwestern
Botswana, where the Company holds
petroleum licenses comprising approximately 8.5 million contiguous
acres. In all aspects of its operations, ReconAfrica is committed
to minimal disturbances in line with international best
standards and will implement environmental and social best
practices in all of its project areas.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking
Statements: Certain statements contained in this press
release constitute forward-looking information under applicable
Canadian, United States and other
applicable securities laws, rules and regulations, including,
without limitation, statements with respect to the grant of stock
options to Proconsul upon the Agreement being extended beyond the
initial six month term. These statements relate to future events or
future performance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated" and similar
expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on ReconAfrica's current belief or
assumptions as to the outcome and timing of such future events.
There can be no assurance that such statements will prove to be
accurate, as the Company's actual results and future events could
differ materially from those anticipated in these forward-looking
statements as a result of the factors discussed in the "Risk
Factors" section in the Company's annual information form dated
July 27, 2020 available under the
Company's profile at www.sedar.com. Actual future results may
differ materially. Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information. Those
assumptions and factors are based on information currently
available to ReconAfrica. The forward-looking information contained
in this release is made as of the date hereof and ReconAfrica
undertakes no obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly
qualify any forward-looking information contained herein.
SOURCE Reconnaissance Energy Africa Ltd.