GREENWICH, CONNECTICUT--(Marketwired - Sept. 24, 2013) - FrontFour Capital Group LLC ("FrontFour") announced today its intention to withhold votes from all directors proposed for election to the board of directors of Renegade Petroleum Ltd. ("Renegade") at the annual general and special meeting to be held on September 27, 2013.
FrontFour and its affiliates collectively own or exercise control or direction over approximately 5% of the outstanding shares of Renegade.
"In our opinion, Renegade has an indefensible history of poor governance, weak financial controls, and strategic missteps," said Zachary George, Co‐Founder and Managing Member of FrontFour. "We have no confidence in the current board's stewardship or ability to deliver value through the current strategic review process. FrontFour is currently reviewing all options related to its investment in Renegade."
About FrontFour Capital Group LLC:
Founded in 2006, FrontFour is an investment management company with offices in Greenwich, Connecticut and Toronto, Ontario.
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