January 13, 2020 – Vancouver, BC – Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V: ROE) (OTCQB: RNSFF) is pleased to announce that it has issued to an investor 6,578,500 common shares of the Company (the “Shares”) at a price of C$0.20 per Share for proceeds to the Company of US$1 million (the “Investment”).
The proceeds from the Investment will be used to fund capital expenditures and for general corporate purposes.
The Investment is subject to final acceptance by the TSX Venture Exchange. The Shares are subject to a hold period expiring on May 14, 2020, in accordance with applicable Canadian securities laws.
Renaissance is also pleased to announce Anna Tudela has joined the Company in the role of Corporate Secretary. Anna has over 30 years of experience working with public companies in the securities and corporate finance areas, both in the United States and Canada. She was most recently the Vice-President, Diversity, Regulatory Affairs and Corporate Secretary of Goldcorp Inc. where she won numerous awards including the Peter Dey Governance Achievement Award; named one of the 100 Global Inspirational Women in Mining (UK) and the Women in Mining (BC) Aurora Award which recognizes exceptional women in mining.
The Company wishes to thank Carmen Etchart, who is stepping down from her role as Corporate Secretary, for her commitment and significant contributions to Renaissance since its inception.
Renaissance continues to make progress on its journey to become a major Mexican energy producer.