Encore Renaissance News Releases |
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February 05, 2010
ENCORE DISCLOSES PRIVATE PLACEMENT HOLD PERIOD
Further to its news releases in Stockwatch dated Dec. 31, 2009, and Jan. 13, 2010, announcing the private placements for the sale of 25 million units at 20 cents per unit, where each unit consists of one common share of the company and one-half of one share purchase warrant at the exercise price of 50 cents per share, Encore Renaissance Resources Corp. has disclosed May 30, 2010, 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.
January 29, 2010
ENCORE RENAISSANCE 25-MILLION-SHARE PRIVATE PLACEMENT
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 31, 2009:
Number of shares: 25 million shares
Purchase price: 20 cents per share
Warrants: 12.5 million share purchase warrants to purchase 12.5 million shares
Warrant exercise price: 50 cents for a one-year period
Hidden placees: Five placees
Finder's fee: $500,000 cash payable to Souhail (Abby) Abi-Farrage
January 21, 2010
ENCORE ENCOUNTERS NEW VEIN AND ADDS A SECOND SHIFT AT MINE
Encore Renaissance Resources Corp. (the "Company") (EZ) reports that one of the new veins previously announced December 10, 2009 was encountered while in the underground development of the decline and widened appreciably. The vein has sulphides similar to those mined in the open pit area last fall.
In light of the discovery of this new vein encountered while mining underground, the company has added an additional daily shift at the mine site to develop this zone as well as continue the decline towards the known main veins. Drilling to test the continuity of the veins at depth and to identified additional veins that host mineralization is planned in the near future. This will assist in delineating the resource, and ultimately supporting a resource calculation as additional shipments to Kinross continue.
Michael Mulberry, President of Encore states, "As we continue to move deeper down into the underground workings of the mine, the drifting has uncovered additional highly prospective veins. We are now ramping up operations at the site from one shift per day to two shifts per day. At this point due to holiday slowdowns and mining infrastructure construction, we are now anticipating that the first run of the material that is at the Kinross facility and future material shipped will be processed within 60 days barring any unforeseen issues. Clearly we are moving forward on an increased level at the Bonaparte Mine and management is optimistic about how operations will progress and impact Encore in the short and long term at the mine site."
This release has been reviewed by Laurence Stephenson P.Eng. the designated Qualified Person.
January 13, 2010
ENCORE RENAISSANCE FULLY SUBSCRIBES PRIVATE PLACEMENTS
Encore Renaissance Resources Corp.'s private placements for the sale of up to 25 million units raising a total of $5-million has been fully subscribed. Each unit offered at 20 cents per unit consists of one common share of the company and one-half of one whole share purchase warrant. 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 50 cents.
The company shall use the proceeds of the offering for general working capital.
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.
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