VANCOUVER, Nov. 20, 2015 /CNW/ - Renaissance Oil Corp.
("Renaissance" or the "Company") (TSX-V: ROE)
announces that pursuant to the Company's Stock Option Plan, a total
of 11,050,000 incentive stock options have been granted to
directors, officers, and consultants of the Company. The options
are exercisable at a price of $0.27
per share for a period of 10 years, subject to regulatory
approval.
ON BEHALF OF THE BOARD OF DIRECTORS
OF RENAISSANCE
OIL CORP.
Per: "Craig Steinke"
Craig Steinke
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
of the Warrants; and the anticipated use of the net proceeds of the
Offering. 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.