Renaissance Oil Corp. RNSFF

Hit the nail on the head

[farml1234]

Anyone think 25 million PP is to reward Haywood customers

that own alot of ROE and bring the buyout price up to a acceptable price for them  ???

 Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSX-V: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) is pleased to announce that it has entered into an agreement with Haywood Securities Inc., as underwriter (the “Underwriter”), pursuant to which the Underwriter has agreed to buy, on a bought deal basis, 2,632,000 units (the “Units”) at a price of C$9.50 p

[farml1234]

The stink is getting worse , now up to $36 million !   Can anyone say crooks 

[investor55x]

Dude, what's your problem? Did you see the terms of the Botswana-option? Do you really think, that ROE with its Mexico mess got this option from Steinke's company and contractual could do whatever it wants? Finally it's in best interest of ROE to be taken over by RECO (0,046). So I'll vote yes.

[AUborealis]

Relax with the caps already! A million ain't what it used to be...and the ROI on this injection will end up making it look like a rounding error in a year or two. In order for the RECO Warrants to be called early...which means a sustained RECO price above $20.00/sh., RECO will be approaching a $4B Mkt Cap. 36/4,000 x 100= 0.9% I expect the next deal to be a Bought Deal (placed in a flash