VANCOUVER, April 23, 2018 /CNW/ – Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V: ROE) is pleased to announce that Eskandar Maleki has joined the board of directors of the Company. Mr. Maleki has a strong track record of building successful global oil and gas companies, most notably, Tullow Oil PLC. As an early strategic investor, board member and, for a time, the largest individual shareholder of Tullow, Mr. Maleki assisted the company’s corporate development as it grew into a leading independent oil and gas exploration and production company.
”Mr. Maleki, who became a major shareholder of Renaissance in 2017, recognizes the vast amount of underdeveloped opportunities provided by the Mexican oil and gas reform” stated Craig Steinke, Renaissance’s Chief Executive Officer. ”His long-term view and proven skills in generating material value provides Renaissance with another valuable board member on our journey to become a major Mexican energy producer.”
RENAISSANCE OIL CORP.
Per:
Craig Steinke
Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, including, without limitation, statements with respect to the acceptance of the Investment by the TSX Venture Exchange, regulatory and shareholder approvals required for the future issuance of any performance-based common shares and the anticipated use of proceeds from the Investment. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements are discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Craig Steinke, Chief Executive Officer | Tel: 604-536-3637; Kevin J. Smith, Vice President, Business Development | Tel: 403-200-9047
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