Encore Renaissance News Releases |
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July 07, 2009
ENCORE CHECKS MILLING SYSTEM FOR INITIAL 10,000 TONNE TEST BULK MINING AT BONAPARTE GOLD PROPERTY
Encore Renaissance Resources Corp. has been active in getting the Bonaparte gold property into test mining mode and has taken two 40-plus-kilogram samples from the veins for advance process testing at operating mill system and for a gravity separation test.
The testing by the mill is to determine if any additional processing or "tweaking" of the processing will be necessary to ensure full recovery of the estimated 20-plus grams per tonne gold that is expected to be in the test bulk sample. The gravity separation test is being done to see if an intermediate processing step in a full-scale operation is warranted.
Both tests will be completed in about a month's time which is anticipated to be around the time when the first portions of the bulk sample will be ready for processing. Mining equipment is in final preparation to comply with all regulatory requirements and will be moved on site to prepare the portal for the decline.
As well, company geologists will be on site to sample other veins in anticipation of selecting drill sites for the exploration drill program. Encore has the right to earn a 60-per-cent interest in the Bonaparte gold mine property by conducting the bulk sample and the proposed drill program, which will enable the company to delineate the mineralization on the property. This release has been reviewed by Laurence Stephenson, PEng, the designated qualified person.
July 03, 2009
COMPLETION OF FINANCINGS
Encore Renaissance Resources Corp. has closed its private placements of 10 million units at 10 cents and 28.99 million units at five cents. The company announces Oct. 27, 2009, as the following hold period expiry date in respect of the shares comprising the units and the shares issued upon exercise of the shares purchase warrants.
June 29, 2009 - SEDAR INTERIM FINANCIAL STATEMENTS & SEDAR MD & A
June 26, 2009
ENCORE 10-MILLION-SHARE PRIVATE PLACEMENT ACCEPTED FOR FILING
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced May 5, 2009.
Number of shares: 10 million shares
Purchase price: 10 cents per share
Warrants: Five million share purchase warrants to purchase five million shares
Warrant exercise price: 15 cents for a one-year period
Hidden placees: Four
Pursuant to Corporate Finance Policy 4.1, Section 1.11 (d), the company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period (s). The company must also issue a news release if the private placement does not close promptly. Note that, in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum-permitted term.
June 26, 2009
BONAPARTE PROPERTY AGREEMENT ACCEPTED FOR FILING
The TSX Venture Exchange has accepted an option agreement dated May 25, 2009, and amended June 12, 2009, between Encore Renaissance Resources Corp. and BCT Mining Corp. (the optionor). Pursuant to the agreement, the company was granted the option to acquire up to a 60-per-cent interest in certain claims that make up the property, known as the Bonaparte mine, located near Kamloops, B.C.
Total consideration payable by the company to the optionor is:
- Either the greater of $1-million cash or two million shares payable on or before the second anniversary;
- An additional $1-million cash payable upon the commencement of phase III (as defined below);
- Up to an additional 20 million company shares paid as follows (subject to minimum exploration expenditures being completed):
- Five million shares payable within five days of this notice;
- Five million shares payable on or before the second anniversary;
- 10 million shares payable upon the commencement of phase III.
In addition, the company is required to complete total exploration expenditures on the property within a three-year period as follows:
- $1,244,000 of exploration expenditures within the first year (phase I);
- $1.22-million of exploration expenditures within the second year (phase II);
- All remaining work costs required to commence production on the property (phase III).
Insider/pro group participation
Upon completion of the transaction and concurrent financings, two directors of the optionor (Stanley McClay and Allan Beaton) will become insiders of the company.
For further information, please see the company's news release dated April 14, 2009.
June 26, 2009
ENCORE 28.99-MILLION-SHARE PRIVATE PLACEMENT ACCEPTED FOR FILING
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 1, 2009, June 8, 2009 and June 10, 2009.
Number of shares: 28.99 million shares
Purchase price: Five cents per share
Warrants: 14,195,000 share purchase warrants to purchase 14,195,000 shares
Warrant exercise price: 10 cents for a one-year period
Number of placees: 67
Insiders: Michael Mulberry, 540,000
Pro group participation: Robert Sali, two million; David Hamilton-Smith, 200,000; Raymond Martin, 100,000; Ian MacPherson, 40,000; Carlo Rahal, 200,000; Tejbir Singh Nat, 200,000; Teepy Tang, 60,000; Gus Wahlroth, 400,000; Gordon Lam, 100,000; Kerry Chow, 300,000; Kerry Chow, 100,000; Roberto D. Chu, 100,000
Finders' fees: $10,000 cash payable to Dundee Securities Corp.; $3,500 cash payable to Global Securities Corp.; $9,700 cash payable to Canaccord Capital Corp.; $49,050 cash payable to PI Financial Corp.; $5,700 cash payable to Leede Financial Markets Inc.
Pursuant to Corporate Finance Policy 4.1, Section 1.11 (d), the company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period (s). The company must also issue a news release if the private placement does not close promptly. Note that, in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum-permitted term.
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