Rodinia Oil Corp. (TSXV:ROZ) has concluded strategic review process. Rodinia Oil Corp announced that its strategic review process being conducted with its financial advisor, CIBC World Markets Inc, has now ended without success.

Over the past nine months, various parties have signed confidentiality agreements with Rodinia and have reviewed its confidential data. However, no proposals have been brought forward for Rodinia to consider and as a result, the financial advisory services of CIBC have been terminated. Rodinia will continue to seek a transaction that will benefit its shareholders.

However, as it has been unable to raise additional capital or complete a transaction through its strategic review process.