Rio Alto Acquires Renata for $140M

Rio Alto Exploration Ltd. (Rio Alto) announced on June 12, 2000 that it had successfully completed a $140 million takeover bid for Renata Resources Inc. (Renata), an oil and gas exploration, development and production company. Under the bid, Rio Alto offered $0.77 in cash for each common share of Renata, or 0.0283 common shares of Rio Alto for each common share of Renata. Rio also agreed to assume Renata’s debt of $29.7 million as of March 31, 2000.

Rio Alto was represented by Burnet, Duckworth & Palmer with a team that included William Maslechko, Stephen Chetner and Grant Zawalsky. Acting for Renata was Robert Lehodey of Bennett Jones.


Stephen J. Chetner William S. Maslechko Robert A. Lehodey Grant A. Zawalsky


Burnet, Duckworth & Palmer LLP Bennett Jones LLP