| Home : December 2011 : December 22, 2011 News : Encore Renaissance Resources Corp. Announces Financing |
Encore Renaissance Resources Corp. Announces Financing |
December 22, 2011
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.
http://www.marketwire.com/mw/release.do?id=1601346&sourceType=3
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