|May 26, 2017|
Renaissance Gold and Coeur Mining close Private Placement
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
Renaissance Gold Inc. (TSX.V: REN) ("RenGold" or the "Company") is pleased to report that as announced on May 23, 2017, Coeur Mining, Inc. (NYSE: CDE) has been issued 1,000,000 common shares at a purchase price of C$0.35 per share for gross proceeds of C$350,000 (the "Private Placement"). The proceeds from the Private Placement will be used by RenGold for general corporate purposes. All securities issued are subject to a hold period in Canada expiring on September 27, 2017. RenGold had 40,687,910 shares outstanding before the Private Placement closed and will have 41,687,910 shares outstanding after the Private Placement closes.
Ronald Parratt, President & CEO states "We are pleased with the confidence placed in Renaissance by Coeur, and it is a pleasure to add a company such as Coeur to our shareholder list."
About Renaissance Gold Inc.
Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. RenGold's objective is to place the projects in exploration earn-in agreements with industry partners who provide exploration funding. RenGold applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture.
This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Units, Shares or Warrants (the "Securities") in the United States or to, or for the account or benefit of, any U.S. person. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, any U.S. person unless an exemption from such registration requirements is available. "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities Act.
By: Ronald Parratt, President and CEO
For further information, contact:
Ronald Parratt, 775-337-1545 or firstname.lastname@example.org
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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