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.
Per:
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 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.