CORP / RE: Centennial Energy Partners, L.P. - Announcement
AUGUST 3, 1998
NEW YORK, NEW YORK--Centennial Energy Partners, L.P.,
Tercentennial Energy Partners, L.P., Quadrennial Partners, L.P.,
Centennial Overseas Fund, Ltd., (with respect to shares held in a
discretionary account managed by Centennial Management, L.L.C.)
and Joseph H. Reich & Co., Inc., (with respect to shares held in a
discretionary account managed by it) (collectively the "Reporting
Persons") announce that they acquired 2,000,000 common shares of
Renata Resources Inc. on July 31, 1998 through the facilities of
The Toronto Stock Exchange. Centennial Energy Partners, L.L.C. is
the General Partner of Centennial Energy Partners L.P.,
Tercentennial Energy Partners, L.P., and Quadrennial Partners,
L.P. The principal members of Centennial Energy Partners, L.L.C.
are also the principal members of Centennial Management, L.L.C.
and the executive officers of Joseph H. Reich & Co., Inc.
The purchase by the Reporting Persons of common shares of Renata
Resources Inc. is for the purpose of investment. As a result of
their normal course purchases, the Reporting Persons currently own
in the aggregate 12,789,300 common shares of Renata Resources
Inc., representing 10.74 percent of the issued and outstanding
common shares. The Reporting Persons may continue to purchase
common shares of Renata Resources Inc. for investment purposes,
depending on the market conditions for shares of Renata Resources
Inc. and other factors.
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