representative work

ReconAfrica Acquires Renaissance


On July 27, 2021, Reconnaissance Energy Africa Ltd. (“ReconAfrica”) completed its acquisition of Renaissance Oil Corp. by way of plan of arrangement under the Business Corporations Act (British Columbia). Pursuant to the arrangement, each Renaissance shareholder received 0.046 of a ReconAfrica common share for each Renaissance common share held at the close of business on July 26, 2021.

Cassels acted for ReconAfrica.

RELATED EXPERTISE: Securities | Mergers & Acquisitions | Energy | Tax & Trusts