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ReconAfrica completes Renaissance Shares are registered in the name of Okyere, CEO of Springfield Group further posi-
a broker, dealer, bank, trust company or other tion the conference as Africa’s premier energy
acquisition of renaissance nominee must contact their nominee to deposit event. Serving as key players in the African
their Renaissance Shares.
energy industry and in line with AEW 2021’s
Reconnaissance Energy Africa and Renaissance ReconAfrica is a Canadian oil and gas com- agenda to promote the role of Africa in the global
Oil Corp. are pleased to announce that they have pany engaged in the opening of the newly dis- energy transition, Karim, Brann and Okyere will
completed the previously announced (on each of covered deep Kavango Sedimentary Basin, in drive a productive discussion on the challenges
April 19, May 19, July 15 and July 26) acquisition the Kalahari Desert of northeastern Namibia and opportunities present in Africa’s power sec-
by ReconAfrica of Renaissance by way of plan of and northwestern Botswana, where ReconAfrica tor, as well as the role of natural gas and avail-
arrangement under the Business Corporations holds petroleum licenses comprising approx- ability offinancing in Africa’s energy transition.
Act (British Columbia) effective at 12:01 a.m. imately 8.5mn contiguous acres. In all aspects Considered one of Nigeria’s most success-
(Vancouver time) on July 27, 2021. of its operations, ReconAfrica is committed to ful entrepreneurs, Karim is both the founder
Pursuant to the Arrangement, the holders of minimal disturbances in line with international and CEO of Shoreline Energy International, an
common shares of Renaissance received 0.046 best standards and will implement environmen- indigenous power solutions company focused
of a common share of ReconAfrica (each whole tal and social best practices in all of its project on power generation and power equipment
common share, a ReconAfrica Share) for each areas. manufacturing activities, operating throughout
Renaissance Share held at the close of business ReconAfrica, July 27 2021 sub-Saharan Africa. With extensive experience
on July 26, 2021. All outstanding options and in construction, commodity trading, oil and gas,
warrants of Renaissance will be exchanged for engineering and the power sector, Karim is well-
economically equivalent options and warrants to EVENTS versed on Africa’s energy industry and commit-
purchase ReconAfrica Shares (subject to adjust- ted to driving investment and growth across
ment based on the Exchange Ratio). Vitol, Shoreline Energy and Africa’s power and energy sectors. With a focus
ReconAfrica has received the acceptance of on developing reliable and sustainable power
the TSX Venture Exchange (TSXV) to list the Springfield Energy to attend supplies and creating integrated energy solutions
ReconAfrica Shares on the TSXV. The Renais- throughout sub-Saharan Africa, Karim’s partici-
sance Shares are expected to be delisted from the African Energy Week 2021 in pation will foster dialogue on Africa’s power sec-
TSXV at the close of trading on July 29, 2021, and tor, addressing key concerns and offering feasible
Renaissance intends to submit an application to Cape Town solutions to expanding regional power networks
the applicable securities regulators to cease to and driving industrialisation.
be a reporting issuer and to terminate its public Recent speaker confirmations by Shoreline Meanwhile, as Senior Investment Manager
reporting obligations. Energy International’s Kola Karim, Vitol Sen- at Vitol – an energy and commodities trader
Pursuant to the letter of transmittal mailed ior Investment’s Steven Brann, and Springfield involved in exploration and production, refin-
to shareholders of Renaissance as part of the Group’s Kevin Okyere to the upcoming African ing, terminals and trading – Brann is committed
materials in connection with the annual general Energy Week 2021 in Cape Town aim to advance to driving investment in Africa’s impressive oil
and special meeting of shareholders of Renais- discussions on the role of gas in Africa’s energy and gas sector. With a focus on gas and power
sance held on July 13, 2021, in order to receive future and the value of gas-to-power solutions. solutions, Brann will advance discussions on
the ReconAfrica Shares to which they are enti- Three new VIP speakers have just been con- natural gas monetisation, challenges associated
tled, registered holders of Renaissance Shares firmed for the highly anticipated African Energy with the financing of Africa’s large-scale LNG
are required to deposit their share certificate(s) Week (AEW) 2021, taking place in Cape Town projects and the value of gas as a transitionary
representing Renaissance Shares, together with a on the 9th-12th of November. Confirmations resource. Driving a strong narrative that access
duly completed letter of transmittal, with Com- by Kola Karim, Managing Director and CEO of to power is key to Africa’s industrialisation,
putershare Investor Services Inc., the depositary Shoreline Energy International, Steven Brann, Brann will promote gas-to-power as a viable
under the Arrangement. Shareholders whose Senior Investment Manager at Vitol, and Kevin alternative power generation solution that can
boost socioeconomic growth continent-wide.
In line with AEW 2021’s recognition of the
growing role of natural gas, participation from
Okyere from Springfield Group – the Ghanaian
exploration and production firm responsible for
a series of historic discoveries offshore Ghana
– will contribute to discussions on natural gas’
place in Africa’s energy future. With a focus on
exploring cleaner sources of energy, Springfield
is committed to developing its natural gas fields
and accelerating gas-to-power developments to
fast-track Africa’s industrial revolution and eco-
nomic transformation. Accordingly, Okyere’s
participation proves particularly valuable, as he
will be able to provide an Africa-focused narra-
tive on natural gas monetisation and utilisation,
backed by experience and success in Ghana’s
sector.
African Energy Chamber, July 22 2021

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