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Mr. Mike Mulberry reports
Encore Renaissance Resources Corp.'s private placement for the sale of up to 10 million units at 10 cents per unit for a total of $1-million previously announced in Stockwatch on May 5, 2009, has been fully subscribed. Each unit consists of one common share of the company and one-half of one whole share purchase warrant, wherein 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 15 cents. The company shall use the proceeds of the offering for general working capital and to proceed with the 9,500-ton bulk testing on the Bonaparte gold property.
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