Renaissance closes private placement

March 05, 2018

Torys represented the agents led by Haywood Securities with a team that included Scott Cochlan, Mike Pedlow, Jason Zhou and Brandon Schur (corporate/securities).

On March 5, 2018, Renaissance Oil Corp. (Renaissance) announced it closed its previously announced private placement pursuant to an agency agreement with Haywood Securities Inc., as the lead agent, Paradigm Capital Inc., Beacon Securities Limited and Canaccord Genuity Corp. for 44,555,000 units (including upon the partial exercise of the agents’ option), each consisting of one common share and one common share purchase warrant, at a price of C$0.25 per unit, for aggregate gross proceeds of C$11,138,750.

The net proceeds of the Offering will be used to aid in the Company's ongoing efforts in securing oil and gas rights in Mexico, to fund capital expenditures and for general corporate purposes.

Renaissance Oil is developing a high quality, diversified shale and mature fields portfolio for development in Mexico.

Further information can be found on Canada Newswire’s website.