RENAISSANCE OIL CORP. ("ROE")
RECONNAISSANCE ENERGY AFRICA LTD. ("RECO")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: July 28, 2021
TSX Venture Tier 2 Companies
Plan of Arrangement:
The TSX Venture Exchange (the "Exchange") has approved Renaissance Oil Corp.'s ("Renaissance") plan of arrangement (the "Plan of Arrangement") with Reconnaissance Energy Africa Ltd. ("ReconAfrica"), pursuant to which ReconAfrica acquired all of the issued and outstanding common shares and convertible securities of Renaissance by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia).
The Plan of Arrangement was approved by Renaissance security holders on July 13, 2021 at an annual general and special meeting of security-holders. Renaissance received a final order from the Supreme Court of British Columbia on July 15, 2021 in connection with the Plan of Arrangement.
Pursuant to the Plan of Arrangement each Renaissance shareholder will receive 0.046 of a common share of ReconAfrica for each one Renaissance share held.
The Plan of Arrangement is fully described in Renaissance's Information Circular dated May 27, 2021 and the supplement to the Information Circular dated June 25, 2021.
In addition, please refer to Renaissance's news releases dated May 19, 2021, June 25, 2021, July 7, 2021, July 12, 2021, July 15, 2021, July 26, 2021 and July 27, 2021.
Delist:
In accordance with the above, the common shares of Renaissance Oil Corp. will be delisted from the Exchange. Accordingly, effective at the close of business Thursday, July 29, 2021 the common shares of Renaissance Oil Corp. will be delisted.
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