4 Front too late and now wasting time. The Special Committee continues to participate in numerous negotiations, discussions and meetings with advisors
and third parties. Many potential counter-parties have executed confidentiality agreements and have been granted
access to a confidential data room. Renegade has received expressions of interest with respect to asset and corporate
transactions and many participants remain active in the data room. The Board remains committed only to pursuing
courses of action that are in the long term best interests of Renegade and its shareholders.
I will be voting to keep the RPL BOD engaged.
The A&D process is lengthy and some major moves will be made to give the market confidence but the front four approach will only detour current bid and negotiations.
https://www.renegadepetroleum.com/en/agm_materials/2014-01-28-informationcircular.pdf