Encore Renaissance Resources Corp.
TSX VENTURE : EZ
FRANKFURT : OUH1
PINK SHEETS : ERRCF

Encore Renaissance Resources Corp.

December 31, 2009 03:01 ET

Encore Renaissance Resources Corp.: Plans $5,000,000 Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 31, 2009) - ENCORE RENAISSANCE RESOURCES CORP. (TSX VENTURE:EZ)(FRANKFURT:OUH1)(PINK SHEETS:ERRCF) - The Company wishes to announce that it has entered into private placements for the sale of up to 25,000,000 units at $0.20 per unit for a total of $5,000,000, where each unit consists of one common share of the Company and one-half of one whole share purchase warrant and 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 $0.50.

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.

Encore is a well diversified junior with projects that include its flagship property, The Bonaparte Gold Mine, located near Kamloops, British Columbia. Encore also has approximately 5,200 contiguous acres bordering Underworld Resources in the Yukon, approximately 160,000 contiguous acres of land prospective for lithium in Alberta, and 6,660 acres of land in the Stewart Mining Region of British Columbia.

This release has been reviewed by Laurence Stephenson P.Eng. the designated Qualified Person.

ENCORE RENAISSANCE RESOURCES CORP.

Mike Mulberry, Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Encore Renaissance Resources Corp.
    Mike Mulberry
    Director
    604-910-1004
    info@encorerenaissance.com
    or
    Encore Renaissance Resources Corp.
    P.O. Box 48474, Bentall Centre
    Vancouver, BC V5C 2M7