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Renaissance Oil Corp. RNSFF

Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.


GREY:RNSFF - Post by User

Post by Boots333on Apr 03, 2019 4:11pm
256 Views
Post# 29578416

Recent Financing.

Recent Financing.

On speaking to management I was told that there were two financial groups / Institutions that, after doing their due diligence on the company, decided it was a good opportunity and they agreed to invest. The other two investors were Board Members. It is a good sign that two different private Financial Groups did their due diligence and see this as a good opportunity and that Board members were willing to put up more money and to do that on the terms that were provided is even more support for the Company.

 

The money is to be used for General Corporate purposes, until migration and drilling can commence. 

 
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