GREENWICH, CT, Dec. 16, 2013 /CNW/ - In connection with the requisition
for a special meeting of shareholders of Renegade Petroleum Ltd.
("Renegade", or the "Company") ("RPL-V; RPTTF-O") by FrontFour Capital
Group LLC ("FrontFour"), FrontFour will be filing their Proxy Circular
("PC") on Sedar shortly.
On Thursday, December 12, 2013, management of Renegade filed an
information circular seeking shareholder support for the Special
Meeting scheduled for January 28, 2014. FrontFour urges shareholders
to TAKE NO ACTION until having the benefit of receiving all the
The dissident circular will include a detailed business plan for
creating shareholder value and clearly outline demands for
accountability and good governance. In addition, the PC will include
full backgrounds on FrontFour's independent nominees (collectively, the
The Turnaround Nominees bring strong and relevant performance experience
with the capabilities to implement a value-enhancing business plan that
will best position the company for future growth benefiting all
As of today, the Turnaround Nominees collectively own or represent
approximately 8.2% of Renegade. Based on a review of publicly reported
holdings, FrontFour is the second largest shareholder of the Company.
This news release does not constitute a solicitation of proxies, or a
request not to execute a proxy, but simply a suggestion to wait.
About FrontFour Capital Group LLC:
Founded in 2006, FrontFour is an investment management company with
offices in Greenwich, Connecticut and Toronto, Ontario.
The TSX Venture Exchange has not reviewed nor approved the contents of
this press release and does not accept responsibility for the adequacy
or accuracy of this press release.
SOURCE: FrontFour Capital Group LLC
For further information:
Tel: (203) 274-9053