RE: RE: RE: To: Investisseur101HM? Does anyone see a pattern there?
How about this one? And why is someone with a 'potential' conflict of interest in not one, but two of the companies involved in this project, with a conceivable 'something to gain', handling and hauling the sampes around before they get assayed? Did he buy his stock before or after he handled, observed and delivered those samples?
Isn't that what that "Approved by......", insert your favorite QP's name here, supposed to be managing?
June26, 2009
BONAPARTEPROPERTY AGREEMENT ACCEPTED FOR FILING
The TSX Venture Exchange hasaccepted an option agreement dated May 25, 2009, and amended June 12, 2009,between Encore Renaissance Resources Corp. and BCT Mining Corp. (the optionor).Pursuant to the agreement, the company was granted the option to acquire up toa 60-per-cent interest in certain claims that make up the property, known asthe Bonaparte mine, located near Kamloops, B.C.
Total consideration payable by thecompany to the optionor is:
- Either the greater of $1-million cash or two million shares payable on or before the second anniversary;
- An additional $1-million cash payable upon the commencement of phase III (as defined below);
- Up to an additional 20 million company shares paid as follows (subject to minimum exploration expenditures being completed):
- Five million shares payable within five days of this notice;
- Five million shares payable on or before the second anniversary;
- 10 million shares payable upon the commencement of phase III.
- Five million shares payable within five days of this notice;
- Five million shares payable on or before the second anniversary;
- 10 million shares payable upon the commencement of phase III.
In addition, the company is requiredto complete total exploration expenditures on the property within a three-yearperiod as follows:
- $1,244,000 of exploration expenditures within the first year (phase I);
- $1.22-million of exploration expenditures within the second year (phase II);
- All remaining work costs required to commence production on the property (phase III).
Insider/pro group participation
Upon completion of the transactionand concurrent financings, two directors of the optionor (Stanley McClay andAllan Beaton) will become insiders of the company.
For further information, please seethe company's news release dated April 14, 2009.