Encore Renaissance Resources Corp (C:EZ)
Shares Issued 265,481,077
Last Close 5/6/2011
.045
Monday May 09 2011 - Property Agreement
Further to the bulletin dated Dec. 3, 2010, the TSX Venture Exchange bulletin should have read as follows.
The TSX-V has accepted for filing an amended agreement dated Nov. 10, 2010, between Encore Renaissance Resources Corp. and BCT Mining Corp., whereby the company wishes to enter into an agreement to amend the earn-in requirements and to exercise its option to earn its 75-per-cent interest in the Bonaparte property. The company has paid a total of $8-million, issued 12.5 million shares and incurred work costs of at least $3,405,401 and has earned a 51-per-cent interest in the property. In order to earn a 75-per-cent interest in the property, the company must pay a further $1.75-million and issue 20 million shares to BCT. In consideration of the excess work costs incurred by the company on the property, BCT has agreed to accept the issuance of 20 million shares by the company as the final payment required for the optionee to earn a 75-per-cent interest in the property and waive the payment of the further $1.75-million.