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Bullboard - Stock Discussion Forum 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 Discussion

Renaissance Oil Corp. > wow talk about stepping up to the plate
View:
Post by farml1234 on Oct 24, 2017 6:54pm

wow talk about stepping up to the plate

i

TRANSFER OF COMMON SHARES BY CLEARVIEW CAPITAL LIMITED
TO VADIM JIVOV, DIRECTOR OF RENAISSANCE

The Company has been advised that on October 23, 2017, Clearview Capital Limited, 3rd floor, 37 Esplanade, St. Helier, Jersey JE2 3QA (" Clearview "), disposed of 15,427,500 Common Shares in a private transaction (the "Transaction") by way of a transfer to Vadim Jivov, a director of the Company, representing approximately 6.72% of the issued and outstanding Common Shares.

The Common Shares were disposed of by Clearview to Mr. Jivov at a price of C$0.25 per Common Share.

Prior to the Transaction, Clearview directly or indirectly held, or exercised control over: (a) an aggregate of 15,427,500 Common Shares, representing approximately 6.72% of the issued and outstanding Common Shares; and (b) an aggregate of 15,000,000 Warrants, each Warrant being exercisable into one Common Shares at a price of C$0.50 until July 31, 2019. Assuming exercise of the 15,000,000 Warrants, prior to the Transaction, Clearview would have held directly or indirectly, or exercised control over, an aggregate of 30,427,500 Common Shares, representing approximately 12.44% of the issued and outstanding Common Shares on a partially-diluted basis.

After the Transaction, Clearview (a) does not hold directly or indirectly, or exercise control over, any Common Shares; and (b) holds directly or indirectly, or exercises control over, an aggregate of 15,000,000 Warrants. Assuming exercise of the 15,000,000 Warrants, Clearview would hold directly or indirectly, or exercise control over, an aggregate of 15,000,000 Common Shares, representing approximately 6.13% of the issued and outstanding Common Shares on a partially-diluted basis. Accordingly, Clearview is no longer deemed a 10% holder of voting or equity securities of the Company and will not be required to complete any further regulatory filings following the Transaction.

The Company has been advised that Clearview disposed of these securities for investment purposes and as disclosed in the early warning report to be filed in conjunction with this news release, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.

An early warning report in respect of the Transaction will be filed under the Company's profile on SEDAR at www.sedar.com, and may also be obtained by contacting the person named below.


Read more at https://www.stockhouse.com/news/press-releases/2017/10/24/renaissance-announces-listing-of-warrants-and-transfer-of-common-shares-by#r0WfhDXUD3x20wz2.99
Comment by allnrg on Oct 24, 2017 11:37pm
Just when you thought things couldn't get better an insider Vadim Jivov buys 3.875 million dollars worth of stock at .25 Epic... congrats to those who bought today never hurts to have a stink bid in I missed the boat today on those but already trying to calculate at what price & how much to buy tomorrow will be a short trip back to the trendline expect to see some volume traded tomorrow
Comment by Valuewalk on Oct 25, 2017 4:51am
This is excellent excellent news for a micro cap large insider buys are one of the most caluable signals. Whoever grabbed shares at 0.22 ish yesterday got lucky- one seller from RBC took it down leaving a block of shares up for sale at .22 and  was even taken out by his own firm which usually tells you someone knew it was a bargain! incredible potential with this little company. Looking ...more  
Comment by Budakai on Oct 25, 2017 8:54pm
Just cleared up some losses on CZN....I already have 70,000 shares...I really want to buy more but I'm afraid of going whole hog....recommendation? I believe in this stock, don't get me wrong!!!  I just am debating breaking my eggs in one basket rule.
Comment by bluehoo on Oct 26, 2017 9:47am
This post has been removed in accordance with Community Policy
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