RECAF INVESTOR ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages Reconnaissance Vitality Africa Ltd. f/okay/a Lund Enterprises Corp. Traders with Losses to Safe Counsel Earlier than Vital Deadline in Securities Class Motion

NEW YORK, Oct. 26, 2021 /PRNewswire/ —

WHY: Rosen Legislation Agency, a world investor rights regulation agency, publicizes it has filed a category motion lawsuit on behalf of purchasers of the securities of Reconnaissance Vitality Africa Ltd. f/okay/a Lund Enterprises Corp. (OTC: RECAF, LGDOF) between February 28, 2019 and September 7, 2021, inclusive (the “Class Interval”). A category motion lawsuit has already been filed. In case you want to function lead plaintiff, you have to transfer the Court docket no later than December 27, 2021.

SO WHAT: In case you bought ReconAfrica securities throughout the Class Interval you might be entitled to compensation with out fee of any out of pocket charges or prices via a contingency payment association.

WHAT TO DO NEXT: To hitch the ReconAfrica class motion, go to http://www.rosenlegal.com/cases-register-2100.html or name Phillip Kim, Esq. toll-free at 866-767-3653 or electronic mail [email protected] or [email protected] for info on the category motion. A category motion lawsuit has already been filed. In case you want to function lead plaintiff, you have to transfer the Court docket no later than December 27, 2021. A lead plaintiff is a consultant get together appearing on behalf of different class members in directing the litigation.

WHY ROSEN LAW: We encourage traders to pick certified counsel with a observe document of success in management roles. Typically, corporations issuing notices wouldn’t have comparable expertise, sources or any significant peer recognition. Be clever in deciding on counsel. The Rosen Legislation Agency represents traders all through the globe, concentrating its observe in securities class actions and shareholder by-product litigation. Rosen Legislation Agency has achieved the most important ever securities class motion settlement in opposition to a Chinese language Firm. Rosen Legislation Agency was Ranked No. 1 by ISS Securities Class Motion Providers for variety of securities class motion settlements in 2017. The agency has been ranked within the prime 4 annually since 2013 and has recovered lots of of thousands and thousands of {dollars} for traders. In 2019 alone the agency secured over $438 million for traders. In 2020, founding associate Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Lots of the agency’s attorneys have been acknowledged by Lawdragon and Tremendous Attorneys.

DETAILS OF THE CASE: In response to the lawsuit, defendants all through the Class Interval made false and/or deceptive statements and/or did not disclose: (1) ReconAfrica’s plan for utilizing unconventional means for power extraction (together with fracking) within the fragile Kavango space; (2) that ReconAfrica would start unlicensed drilling checks; (3) that ReconAfrica would illegally use water for nicely testing; (4) that ReconAfrica would illegally retailer used water in unlined swimming pools; (5) that ReconAfrica would skirt Namibian regulation and rent an insufficient and inappropriate guide; (6) that, because of this, ReconAfrica risked future nicely, drilling, and water-related licenses in Namibia

and Botswana; (7) that, versus its representations, ReconAfrica didn’t attain out nor present enough info (together with in related native languages) via accessible means to these to be impacted by its testing and potential power extraction; (8) that ReconAfrica’s pursuits are within the Owambo Basin, not the so-called Kavango Basin; (9) that ReconAfrica has repeatedly engaged in inventory pumping; and (10) on account of the foregoing, defendants’ public statements have been materially false and/or deceptive in any respect related instances. When the true particulars entered the market, the lawsuit claims that traders suffered damages.

To hitch the ReconAfrica class motion, go to http://www.rosenlegal.com/cases-register-2100.html or name Phillip Kim, Esq. toll-free at 866-767-3653 or electronic mail [email protected] or [email protected] for info on the category motion.

No Class Has Been Licensed. Till a category is licensed, you aren’t represented by counsel except you keep one. You could choose counsel of your selection. You may additionally stay an absent class member and do nothing at this level. An investor’s potential to share in any potential future restoration is just not dependent upon serving as lead plaintiff.

Observe us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Fb: https://www.facebook.com/rosenlawfirm/.

Legal professional Promoting. Prior outcomes don’t assure an analogous final result.

Contact Info:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Legislation Agency, P.A.
      275 Madison Avenue, fortieth Flooring
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      [email protected]
      [email protected]
      www.rosenlegal.com

SOURCE Rosen Legislation Agency, P.A.

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