Gabon: Record Resources Raises Over $1. 9 Million for Gabon Projects. LIBREVILLE, Gabon — 25 December 2025 (AGP) – Canadian oil company Record Resources Inc.
Has successfully raised over one billion francs CFA, equivalent to approximately 1. 9 million U. S.
Dollars, through a private placement, the Gabonese Press Agency reported.
The funds are intended to finance strategic projects in Gabon, the company disclosed.
The private placement, which was priced at 0.
06 dollar per unit, resulted in the issuance of over 31. 6 million units, each comprising one ordinary share and a half warrant.
According to the company, the proceeds will primarily be allocated to the development of its existing oil assets and the exploration of new, high — potential oil fields within Gabon.
This capital raise comes at a time when Gabon’s national oil production is experiencing a gradual decline.
However, the country remains a strategic destination for energy investments in Central Africa, bolstered by its geological potential and an attractive legal framework for industry operators.
The company’s decision to invest in Gabon underscores the country’s ongoing efforts to diversify its economy and leverage its natural resources for sustainable development.
Despite the challenges posed by the decline in oil production, Gabon’s strategic location and geological assets continue to attract international interest. Further details regarding the specific projects to be financed by the raised capital are expected to be announced in the coming weeks.
The success of this fundraising effort could potentially open new opportunities for growth and development in Gabon’s oil sector.
