RENAISSANCE OIL CORP. ("ROE")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: March 16, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced February 14, 2018:
Number of Shares: 44,555,000 shares
Purchase Price: $0.25 per share
Warrants: 44,555,000 share purchase warrants to purchase 44,555,000 shares
Warrant Exercise Price: $0.50 for a three year period
Number of Placees: 87 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Ian Telfer Y 2,000,000
Gordon Keep Y 400,000
Carlos Escibano Y 60,000
Aggregate Pro Group Involvement P 5,345,000
[13 placees]
Agent's Fee: Haywood Securities Inc, together with Beacon Securities Limited, Paradigm Capital Inc., and Canaccord Genuity Corp. receive $555,675 and 2,673,100 non-transferable warrants, each exercisable at a price of $0.25 until March 5, 2020 for units with the same terms as above.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on March 5, 2018. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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