Renegade Petroleum Ltd. Completes Acquisition of Petro Uno Resources Ltd.
Renegade Petroleum Ltd. (“Renegade”) (TSX Venture: RPL) and Petro Uno Resources Ltd. (“Petro Uno”) (TSX Venture PUP) are pleased to announce that Renegade and Petro Uno have closed the previously announced acquisition of Petro Uno by Renegade by way of a plan of arrangement pursuant to the provisions of the Business Corporations Act (Alberta) (the “Arrangement”). Pursuant to the Arrangement, Renegade issued an aggregate of 11,811,248 common shares of Renegade for the acquisition of all of the issued and outstanding common shares of Petro Uno.
Renegade’s common shares trade on the TSX Venture Exchange under the symbol RPL. Renegade currently has approximately 84.2 million fully diluted shares outstanding.
FOR FURTHER INFORMATION PLEASE CONTACT:
Renegade Petroleum Ltd.
President & CEO
Vice-President, Finance & CFO
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