Encore Renaissance News Releases |
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June 10, 2009
ENCORE RENAISSANCE INCREASES FINANCING TO $1.44-MILLION
Further to Stockwatch news dated June 1, 2009, and June 8, 2009, Encore Renaissance Resources Corp. has increased its private placement offering from 28.5 million units to 28.99 million units at five cents per unit for a total of up to $1,449,500, of which the company has received all the subscription commitments therefore. Each unit consists of one common share of the company and one-half of one whole share purchase warrant, wherein each whole share purchase warrant shall have a one-year term from the date of issuance for the purchase of one further common share of the company at the exercise price of 10 cents.
The company shall use the proceeds of the offering for general working capital and to proceed with the Bonaparte gold property project.
A finder's fee of a combination of cash, shares and/or warrants will be paid to eligible finders in relation to this financing, all in accordance with regulatory policies.
This private placement is subject to approval by the TSX Venture Exchange.
June 08, 2009
ENCORE RENAISSANCE TO UP FINANCING BY $225,000
Encore Renaissance Resources Corp. wishes to increase the private placement offering from 24 million units to 28.5 million units at five cents per unit for a total of up to $1,425,000, of which the company has received all the subscription commitments therefore. Each unit comprises one common share of the company and one-half of one whole share purchase warrant, wherein each whole share purchase warrant shall have a one-year term from the date of issuance for the purchase of one further common share of the company at the exercise price of 10 cents.
The company shall use the proceeds of the offering for general working capital and to proceed with the Bonaparte Gold property project.
A finder's fee of a combination of cash, shares and/or warrants will be paid to eligible finders in relation to this financing, all in accordance with regulatory policies.
June 03, 2009
ENCORE PREPARES TO DE-WATER OPEN PIT AT BONAPARTE GOLD PROPERTY FOR 10,000 TONNE BULK TEST MINING
Encore Renaissance Resources Corp. has received commitments for the financing needed to meet its earn-in obligation for the initial 25.5-per-cent interest in the Bonaparte gold property. Shortly, the Company will complete the subscriptions for said commitments and apply for regulatory approval for the financing, following which the Company will proceed to closing.
This funding will enable the Company to test mine a further bulk sample from the area of the 1994 bulk test which saw 26.2 grams per tonne of gold recovered from 3,425 tonnes of material mined and processed at the Cominco Trail smelter. In conjunction with its proposed drilling program, which will be conducted later this year, this test mining exploration program will enable the Company to delineate the mineralization on the property.
With the snow almost completely gone and full access to the property established, the Company has been able to complete the final water testing to meet the requirements of the BC. Mines Department for its permit and will initiate de-watering of the open pit in preparation for bulk test mining.
The permitting process has commenced for the proposed exploration drilling on the other veins which have reported multi ounce values of gold.
This release has been reviewed by Laurence Stephenson P.Eng, the designated Qualified Person.
June 01, 2009
ENCORE ARRANGES $1.2-MILLION IN FINANCINGS
Encore Renaissance Resources Corp. has entered into private placements for the sale of up to 24 million units at five cents per unit for a total of $1.2-million, where each unit consists of one common share of the company and one-half of one whole share purchase warrant, wherein each whole share purchase warrant shall have a one-year term from the date of issuance for the purchase of one further common share of the company at the exercise price of 10 cents.
The company shall use the proceeds of the offering for general working capital and to proceed with the Bonaparte gold property project. A finder's fee of a combination of cash, shares and warrants will be paid to eligible finders in relation to this financing, all in accordance with regulatory policies.
This private placement is subject to approval by the TSX Venture Exchange.
May 29, 2009
ENCORE RETAINS EUROPEAN SHAREHOLDER RELATIONS SERVICES
Encore Renaissance Resources Corp. has retained, subject to regulatory approval, the services of Stratus Group Ltd., of Zurich, Switzerland, to provide investor relations services for the company commencing immediately. Stratus will receive a fee of $5,000 per month, and 400,000 stock options with an exercise price of 10 cents per share and a term of one year, as well as negotiated commissions on fundraising for its services over a one-year contract, which may be terminated by either party upon one month's written notice.
Stratus will be responsible for disseminating investor relations information and creating awareness of the company and its portfolio of active projects in both the retail and institutional European investment communities. Additionally, Stratus will provide Encore with European headquarters located at Dreikonigstrasse 31a 8001, Zurich, Switzerland.
Stratus will be providing its services through its principal, Randy White. Mr. White has a combined market experience of over 15 years. He specializes in the representation of public companies in the mining and resource sectors. He will assist the company in gaining increased exposure to investors through the dissemination of corporate information to a network of on-line venues, brokerage firms, financial institutions and private investors. This initiative reinforces the company's commitment to improve communications and information flow to its shareholders and the investment community.
May 22, 2009
ENCORE RENAISSANCE CLOSES $1-MILLION PRIVATE PLACEMENT
Encore Renaissance Resources Corp.'s private placement for the sale of up to 10 million units at 10 cents per unit for a total of $1-million previously announced in Stockwatch on May 5, 2009, has been fully subscribed. Each unit consists of one common share of the company and one-half of one whole share purchase warrant, wherein each whole share purchase warrant shall have a one-year term from the date of issuance for the purchase of one further common share of the company at the exercise price of 15 cents.
The company shall use the proceeds of the offering for general working capital and to proceed with the 9,500-ton bulk testing on the Bonaparte gold property.
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