• Sign up for the Daily Digest E-mail

BOE Report

  • Home
  • Headlines
    • Canada
    • USA
    • Columns
    • Discussions
  • Plays
    • Cardium Sandstone
    • Duvernay Shale
    • Montney Shale
    • Shaunavon
    • Viking Sandstone
    • Williston Basin
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Database
  • Markets
    • Canada Market Quotes
    • USA Market Quotes
    • Canada Well Licences
    • Canada Rig Count
    • USA Rig Count
    • USA Market Data
  • Advocacy
  • Data
  • Jobs

FrontFour Announces Withdrawal of Special Meeting Requisition

January 26, 20145:00 PM Marketwired

GREENWICH, CONNECTICUT–(Marketwired – Jan. 26, 2014) – Today, FrontFour Capital Group LLC (“FrontFour”) announced the withdrawal of its special meeting requisition. Despite having approximately 30% of the outstanding shares of Renegade Petroleum Ltd. (“Renegade” or “the Company”) voted on its dissident green proxy, FrontFour is aware of two key institutional holders that have voted on management’s white proxy. These two votes combined with weak overall vote submission make it mathematically impossible for minority shareholders to effect change at Renegade.

Shareholders have reported that the Chairman believes he can potentially announce a sale of the company in the near future. FrontFour is supportive of Mr. Budd’s efforts to sell the company at a fair value and on otherwise fair terms, and believes that current commodity prices and the weakening Canadian dollar should both provide tailwinds to help achieve this goal.

FrontFour gives thanks to all of the shareholders who have pushed for change and improving governance at Renegade. These concerned shareholders should take consolation in the fact that the Company has made many changes since the September annual meeting, a clear acknowledgement of the Company’s poor governance standards and performance. FrontFour believes that it is in the best interest of all shareholders to immediately terminate the solicitation process to avoid additional expense and distraction.

Advisories & Contact
About FrontFour Capital Group LLC:

Founded in 2006, FrontFour is an investment management company with offices in Greenwich, Connecticut and Toronto, Ontario.

The TSX Venture Exchange has not reviewed nor approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release. This news release is not a solicitation of a proxy.

FrontFour Capital Group LLC
Zachary George
(203) 274-9053
zgeorge@frontfourcapital.com

FrontFour Renegade Petroleum

Follow the BOE Report
  • linkedin
  • facebook
  • twitter
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • US crude rises 1.5 percent to new 2019 high on hopes of market rebalance
  • CEOS for Royal Bank, Enbridge, call for better balance in energy policies
  • Alberta Opposition Leader Jason Kenney says he would shelve oil-by-rail deal
  • Buffett’s Suncor bet to revive investor interest in Canadian energy
  • Crude-by-rail shipments set new record in December despite lower price discounts

Return to home page
OSY Rentals

About
  • About BOEReport.com
  • In the News
  • Terms of Use
  • Privacy Policy
Resources
  • App
  • Widgets
  • Desktop
  • Daily Digest E-mail
Get In Touch
  • Advertise
  • Post an Announcement
  • Post a Job
  • Contribute
  • Contact
Featured In
  • CamTrader
  • Rigger Talk
BOE Network
Copyright © 2019 Grobes Media Inc.