Encore Renaissance News Releases |
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August 25, 2009
ENCORE RECEIVES PERMIT FOR BULK TEST MINING NOW UNDERWAY AT THE BONAPARTE GOLD PROPERTY
Mr. Mike Mulberry reports
Encore Renaissance Resources Corp. has received its mining permit from the Ministry of Mines, effective Aug. 11, 2009, for the initial 10,000-tonne bulk test mining at the Bonaparte gold property.
A 3,000-tonne bulk mining test by previous operators at the same location produced grades averaging 26 grams per tonne gold.
Mining equipment which was marshalled and prepared in Kamloops was moved on site this past week, and work has commenced on the portal for the decline.
The company has stepped up its evaluation of the other veins in the area in preparation of selecting drill sites for the exploration drill program.
This release has been reviewed by Laurence Stephenson, PEng, the designated qualified person.
August 25, 2009
ENCORE RENAISSANCE 12.5-MILLION-SHARE PRIVATE PLACEMENT
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 17, 2009 and Aug. 24, 2009:
Number of shares: 12.5 million shares
Purchase price: 10 cents per share
Warrants: 6.25 million share purchase warrants to purchase 6.25 million shares
Warrant exercise price: 15 cents for a one-year period
Number of placees: Five placees
Insiders: Allan J. Beaton, 2.5 million; Stanley Roger McClay, 2.5 million
August 24, 2009
INCREASE OF FINANCING
Further to the company's news release in Stockwatch dated July 17, 2009, Encore Renaissance Resources Corp. has increased the private placement offering from 12 million units to 12.5 million units at 10 cents per unit for a total of $1.25-million, of which the company has received all the subscription commitments therefor.
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.
This private placement is subject to approval by the TSX Venture Exchange.
July 24, 2009
ENCORE TO PAY PRIVATE PLACEMENT FINDER'S FEE
Pursuant to Stockwatch news dated July 17, 2009, Encore Renaissance Resources Corp. will pay a finder's fee of a combination of cash, shares and/or warrants 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.
July 24, 2009
ENCORE GRANTS OPTIONS TO BUY 3.7 MILLION SHARES
Encore Renaissance Resources Corp. has entered into stock option agreements granting the right and option to purchase 3.7 million shares of the company at 10 cents per share exercisable in whole or in part on or before five years from July 24, 2009.
July 17, 2009
ENCORE ARRANGES $1.2-MILLION FINANCING
Encore Renaissance Resources Corp. has entered into private placements for the sale of up to 12 million units at 10 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 15 cents.
The company shall use the proceeds of the offering for the Bonaparte Gold Property Project.
This private placement is subject to approval by the TSX Venture Exchange.
July 13, 2009
ENCORE NEARING COMMENCMENT OF BULK TEST MINING AT BONAPARTE GOLD PROPERTY
Mr. Mike Mulberry reports
Encore Renaissance Resources Corp. is continuing to mobilize all equipment necessary to commence work on the Bonaparte property exploration bulk mine test during the week of July 20, 2009.
Mining work will commence on the portal for the decline, immediately following the conclusion of the dewatering at the main pit area. The company has been negotiating to secure a trucking contract this week that will enable the initial mined material from the portal of the decline to be trucked directly to the mill. This long-term contract will ensure quick delivery of the mined material to the mill to expedite processing in a timely manner facilitating a continuing assessment of the bulk mine test throughout the extraction process.
Operations continue moving forward with most of the equipment arriving in Kamloops to be marshalled for the 35-kilometre trip to the property. The mining contractor is on-site ensuring that the equipment is ready and that commencement of test mining will proceed smoothly.
Encore has the right to earn up to 60 per cent in the Bonaparte property by conducting the bulk sample and a proposed drilling 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.
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