February 5, 2016 – Vancouver, BC – Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V: ROE) is pleased to announce the TSX Venture Exchange (“TSXV”) has accepted for listing the 106,890,000 warrants (the “Warrants”) issued pursuant to a private placement that closed in two tranches on October 6, 2015 and November 4, 2015, respectively.
The Warrants will be listed for trading on the TSXV under the symbol “ROE WT.A” concurrently with the expiry of the applicable statutory hold periods attached to such Warrants, being 61,025,000 Warrants on February 8, 2016, and the remaining 45,865,000 Warrants on March 7, 2016.
Each Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of C$0.20 until October 6, 2020. The Warrants were issued pursuant to, and are governed by, a warrant indenture between the Company and Computershare Trust Company of Canada dated October 6, 2015, as supplemented by the first supplemental warrant indenture dated November 4, 2015.
Renaissance is a growing energy company focused on opportunities in Mexico.