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

Encore Renaissance Resources Corp.

December 21, 2011 20:31 ET

Encore Renaissance Resources Corp. Announces Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2011) - ENCORE RENAISSANCE RESOURCES CORP. (TSX VENTURE:EZ) (FRANKFURT:OUH1) (PINKSHEETS:ERRCF) Encore Renaissance Resources Corp. (the "Company") is pleased to announce a non-brokered private placement consisting of up to 30,000,000 units (the "Units") of the Company at a price of $0.05 per Unit for gross proceeds of up to $1,500,000. Each Unit consists of one common share and one common share purchase warrant (the "Warrants"), with each Warrant exercisable at $0.10 for a period of two years following the closing of the offering. Proceeds arising from the sale of the Units will be used for general working capital purposes.

The private placement is subject to the approval of the TSX Venture Exchange.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the content of this press release.

Contact Information

  • Encore Renaissance Resources Corp.
    778-994-6453
    info@encorerenaissance.com

    Encore Renaissance Resources Corp.
    Head Office Address
    PO Box 48474, Bentall Centre
    Vancouver, BC
    Canada V5C 2M7