SHAREHOLDER ALERT: Law firm Gross informs shareholders of Reconnaissance Energy Africa Ltd. f / k / a Lund Enterprises Corp. of a class action and a deadline for the principal plaintiff of December 27, 2021
New York, New York – (Newsfile Corp. – October 29, 2021) – The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of the shareholders of Recognition Energy Africa Ltd. f / k / a Lund Enterprises Corp. (OTCQX: RECAF).
Shareholders who have purchased RECAF shares during the stated reference period are encouraged to contact the company regarding a possible appointment of a lead applicant. Appointment as principal applicant is not necessary to participate in any recovery.
CONTACT US HERE:
COURSE PERIOD: February 28, 2019 to September 7, 2021
ALLEGATIONS: The complaint alleges that during the Class Action Period, the Defendants made materially false and / or misleading statements and / or failed to disclose that: (1) ReconAfrica’s plan to use unconventional means to energy extraction (including hydraulic fracturing) in the fragile Kavango zone; (2) ReconAfrica would start drilling tests without a license; (3) ReconAfrica would illegally use water to test wells; (4) ReconAfrica would illegally store wastewater in uncoated swimming pools; (5) ReconAfrica would circumvent Namibian law and hire an inadequate and inappropriate consultant; (6) as a result, ReconAfrica risked future wells, boreholes and water related permits in Namibia and Botswana; (7) Contrary to its statements, ReconAfrica did not reach out or provide adequate information (including in relevant local languages) in means accessible to those who would be affected by its testing and potential energy extraction. ; (8) ReconAfrica’s interests lie in the Owambo Basin, not in what is called the Kavango Basin; (9) ReconAfrica has continuously engaged in stockpumping; and (10) because of the foregoing, the defendants’ public statements were materially false and / or misleading at all material times.
DEADLINE: December 27, 2021 Shareholders should soon register for this class action lawsuit. Register your information here: https://securitiesclasslaw.com/securities/reconnaissance-energy-africa-ltd-fka-lund-enterprises-corp-loss-submission-form/?id=20778&from=5
NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who purchased RECAF shares during the period stated above, you will be registered with portfolio monitoring software to provide you with status updates throughout the period. life cycle of the case. The deadline to apply to be a lead applicant is December 27, 2021. There is no cost or obligation for you to participate in this matter.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered from deception, fraud and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The company seeks redress on behalf of investors who have suffered losses when false and / or misleading statements or the omission of important information by a company cause the company’s stock to be artificially inflated. Lawyer advertising. Past results do not guarantee similar results.
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The company seeks redress on behalf of investors who have suffered losses when false and / or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s shares. Lawyer advertising. Past results do not guarantee similar results.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101296