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Renaissance Minerals Ltd Announces Completion Of Placement – Tranche 1; Announces Issuance Of SPP Ordinary Fully Paid Shares

Sunday, 28 Jul 2013 09:47pm EDT 

Renaissance Minerals Ltd announced that it will raise $2.2 million to continue to advance, de-risk and add value to its 100% owned Cambodian Gold Project. The Company confirmed that it has completed the first tranche of the placement with the allotment of 27.69 million shares at $0.05 to raise gross proceeds of $1.38 million. In addition, Renaissance announced a Share Purchase Plan (SPP) is to be offered to all eligible shareholders on the same terms as the Placement to raise up to $0.5 million. Documents relating to the SPP will be dispatched in due course. The Company issued 10,000,000 SPP – Ordinary Fully paid Shares at an issue price or consideration of $0.05. Proceeds of the placement will be used to fund Cambodian projects exploration; Other company projects exploration; and Working capital requirements. 

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