/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICES./
VANCOUVER, Sept. 25, 2019 /CNW/ - Renaissance Oil Corp.
("Renaissance" or the "Company") (TSX-V: ROE) (OTCQB: RNSFF) is
pleased to announce that it has issued to Energy Mexican Services,
LLC 13,333,333 units (the "Units") at a price of C$0.20 per Unit, with each Unit comprised of one
common share of the Company (each, a "Share") and one common share
purchase warrant of the Company (each, a "Warrant") entitling the
holder to acquire one additional common share of the Company at a
price of C$0.35 until September 25, 2023, for proceeds to the Company
of US$2 million (the
"Investment").
Energy Mexican Services, LLC ("EMS") is a company with multiple
activities in the infrastructure development, O&G services,
transportation and construction sectors. EMS was founded with the
intention of developing business opportunities in the energy
sector, activity that has increased after the opening of the
Mexican Oil and Gas industry in 2013.
The proceeds from the Investment will be used to acquire
additional oil and gas rights in Mexico, fund capital
expenditures and for general corporate purposes.
In connection with the Investment, the Company issued 399,999
Units on the same terms as those issued in connection with the
Investment in satisfaction of a finder's fee.
The Investment is subject to final acceptance by the TSX Venture
Exchange. The Shares and the Warrants, including those issued in
satisfaction of the finder's fee, are subject to a hold period
expiring on January 26, 2020, in
accordance with applicable Canadian securities laws.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
mentioned in this news release have not been registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), and may not be offered or sold within
the United States except in
certain transactions exempt from the registration requirements of
the U.S. Securities Act.
Renaissance continues to make progress on its journey to become
a major Mexican energy producer.
RENAISSANCE OIL CORP.
Per:
Craig Steinke
Chief Executive Officer
Cautionary Note Regarding Forward-Looking
Statements
This news release contains certain
forward-looking information and forward-looking statements within
the meaning of applicable securities legislation (collectively
"forward-looking statements"). Certain information contained herein
constitutes "forward-looking information" under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"expects", "believes", "aims to", "plans to" or "intends to" or
variations of such words and phrases or statements that certain
actions, events or results "will" occur. Such statements include,
without limitation, statements with respect to the final
acceptance of the Investment by the TSX Venture Exchange and the
anticipated use of proceeds from the Investment.
Forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made and they are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from
those expressed by such forward-looking statements or
forward-looking information, including the business of the Company,
the speculative nature of mineral exploration and
development, fluctuating commodity prices, competitive risks,
and delay, inability to complete a financing or failure to
receive regulatory approvals. Although management of the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements or forward-looking information, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward looking information. The
Company does not undertake to update any forward-looking statements
or forward-looking information that are incorporated by reference
herein, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Renaissance Oil Corp.