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Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 163,874,996
Close 2021-07-28 C$ 10.97
Recent Sedar Documents

Renaissance Oil acquisition by Reconnaissance Energy

2021-07-28 19:18 ET - Acquisition

See Shares Delisted from TSX-V (C-ROE) Renaissance Oil Corp

The TSX Venture Exchange has approved Renaissance Oil Corp.'s plan of arrangement with Reconnaissance Energy Africa Ltd., pursuant to which Reconnaissance Energy Africa acquired all of the issued and outstanding common shares and convertible securities of Renaissance Oil by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia).

The plan of arrangement was approved by Renaissance Oil securityholders on July 13, 2021, at an annual general and special meeting of securityholders. Renaissance Oil 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 Oil shareholder will receive 0.046 of a common share of Reconnaissance Energy Africa for each one Renaissance Oil share held. The plan of arrangement is fully described in Renaissance Oil's information circular dated May 27, 2021, and the supplement to the information circular dated June 25, 2021.

In addition, please refer to Renaissance Oil'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.

In accordance with the above, the common shares of Renaissance Oil will be delisted from the TSX Venture Exchange. Accordingly, effective at the close of business Thursday, July 29, 2021, the common shares of Renaissance Oil will be delisted.

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