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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. > New warrants listed
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Post by demaule on Jul 19, 2018 7:09pm

New warrants listed

Could somebody explain this to me?...seems like they are describing two series of warrants with the symbol roe.wt.b but each has different terms...how can this be?...is it a typo? It looks to me like there ought to be roe.wt.b and roe.wt.c.
 
I remain the perpetually confused demaule.
 
Renaissance announces listing of warrants
Canada NewsWire
 
VANCOUVER, July 19, 2018
 
VANCOUVER, July 19, 2018 /CNW/ - Renaissance Oil Corp. ("Renaissance" or the "Company") (TSX-V: ROE) is pleased to announce that the TSX Venture Exchange ("TSXV: ROE") has accepted for listing the 44,555,000 warrants (the "Warrants") issued pursuant to a private placement that closed on March 5, 2018 (the "Private Placement").
 
The Warrants will be listed for trading on the TSXV under the symbol "ROE.WT.B" on July 23, 2018. Furthermore, an additional 2,673,100 Warrants, issuable upon exercise of the 2,673,100 compensation warrants (the "Compensation Warrants) issued to Haywood Securities Inc., Paradigm Capital Inc., Beacon Securities Limited and Canaccord Genuity Corp. in consideration for their services with the Private Placement, will, upon issuance, be listed for trading on the TSXV under the symbol "ROE.WT.B". Each Compensation Warrant entitles the holder thereof to acquire one common share of the Company (each, a "Common Share") and one Warrant at a price of $0.25 until March 5, 2020.
 
Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$0.50 until March 5, 2021. The Warrants were issued pursuant to, and are governed by (and the Warrants issuable upon exercise of the Compensation Warrants will be issued pursuant to and governed by), a warrant indenture between the Company and Computershare Trust Company of Canada dated March 5, 2018.
 
RENAISSANCE OIL CORP.
Comment by ferret_ca on Jul 20, 2018 1:37am
this is from the PP announced in march 2018. https://web.tmxmoney.com/article.php?newsid=8218768570630595&qm_symbol=ROE these warrants have a different expiry from the other .50 wts. so have to be listed separately so now we have 3 wts. outstanding. this is nothing new as it was public knowledge from nr on this finacing at the time .not sure why they weren't listed before when the ...more  
Comment by ferret_ca on Jul 20, 2018 12:34pm
just re read that nr and it is confusing.  all those b wts ( the 44.5k and 2.67k over allotment compensation wts) have the same expiry date. it looks like they are giving the houses who did the pp  another 2.67k b wts if they exercise the ones they have, all these wts are .50 and expire the same date.It loo the sp needs to get to .50 for those houses to exercise and be issued the ...more  
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