VANCOUVER, July 19, 2018 /CNW/ - Renaissance Oil Corp. ("Renaissance" or the "Company") (TSX-V: ROE) is pleased to announce that the TSX Venture Exchange ("TSXV: ROE") has accepted for listing the 44,555,000 warrants (the "Warrants") issued pursuant to a private placement that closed on March 5, 2018 (the "Private Placement").
The Warrants will be listed for trading on the TSXV under the symbol "ROE.WT.B" on July 23, 2018. Furthermore, an additional 2,673,100 Warrants, issuable upon exercise of the 2,673,100 compensation warrants (the "Compensation Warrants) issued to Haywood Securities Inc., Paradigm Capital Inc., Beacon Securities Limited and Canaccord Genuity Corp. in consideration for their services with the Private Placement, will, upon issuance, be listed for trading on the TSXV under the symbol "ROE.WT.B". Each Compensation Warrant entitles the holder thereof to acquire one common share of the Company (each, a "Common Share") and one Warrant at a price of $0.25 until March 5, 2020.
Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$0.50 until March 5, 2021. The Warrants were issued pursuant to, and are governed by (and the Warrants issuable upon exercise of the Compensation Warrants will be issued pursuant to and governed by), a warrant indenture between the Company and Computershare Trust Company of Canada dated March 5, 2018.
RENAISSANCE OIL CORP.
Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, without limitation, statements with respect to the expected listing date of the Warrants. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements are discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedar.com. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined under the U.S. Securities Act) absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
SOURCE Renaissance Oil Corp.
For further information: Craig Steinke, Chief Executive Officer | Tel: 604-536-3637; Kevin J. Smith, VP, Business Development | Tel: 403-200-9047