VANCOUVER, BC, July 6, 2020 /CNW/ - Renaissance Oil Corp.
("Renaissance" or the "Company") (TSX-V: ROE) (OTCQB: RNSFF)
announces that, pursuant to the Company's stock option plan, it has
granted to officers, consultants and employees of the Company
options to purchase an aggregate of 7,000,000 common shares of the
Company at a price of $0.07 per share
for a period of up to ten years, subject to regulatory
approval.
About Renaissance Oil Corp.
Renaissance, was established in 2014 for the sole purpose of
focusing on the liberation of Mexico's undeveloped hydrocarbon resources,
officially inaugurated by the Mexican government, December, 2013.
The Company is now a well-established operator in Mexico with 100% working interest in onshore
production of over 1200 boe/day and joint partners with LUKOIL and
PEMEX in the development of the prolific upper Jurassic shales.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains certain
forward-looking information and forward-looking statements within
the meaning of applicable securities legislation (collectively
"forward-looking statements"). Certain information contained herein
constitutes "forward-looking information" under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"expects", "believes", "aims to", "plans to" or "intends to" or
variations of such words and phrases or statements that certain
actions, events or results "will" occur. Such statements include,
without limitation, statements with respect to the
anticipated use of proceeds from the
Investment and the final acceptance by the TSX
Venture Exchange. Forward-looking statements are based on
the opinions and estimates of management as of the date such
statements are made and they are subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the
Company to be materially different from those expressed by such
forward-looking statements or forward-looking information,
including the business of the Company, the speculative
nature of oil and gas exploration and development, fluctuating
commodity prices, competitive risks, and delay, inability to
complete a financing or failure to receive regulatory approvals.
Although management of the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and forward
looking information. The Company does not undertake to update any
forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable
securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Renaissance Oil Corp.
