Renaissance Gold Closes Private Placement by Altius Minerals
FOR IMMEDIATE RELEASE TSX.V:REN / OTCQB:RNSGF
NR2019-07 May 1, 2019
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Renaissance Gold Closes Private Placement
by Altius Minerals
Renaissance Gold Inc. (TSX.V:REN / OTCQB:RNSGF) (“RenGold”) is pleased to announce that Altius
Minerals Corporation (TSX:ALS) (“Altius”) has completed its investment in the Company of $1,429,054
by way of a non-brokered private placement through the issuance of 5,716,216 units at a price of $0.25 per
unit (a “Unit”) as announced on April 24, 2019 . All securities issued and issuable are subject to a hold
period in Canada expiring on September 1, 2019.
Robert Felder, President and CEO states “We are very pleased to have Altius’ support and welcome them
as a more significant shareholder. W e have had a long -term and productive association with the Altius
team, including past alliances which generated project royalties for Altius on our Silicon and Jupiter
projects. We see their meaningful support of our company as a vote of confidence in our technical and
business capabilities, and our strong commitment to creating sharehold er value through discovery. The
financing will provide additional funding for our 2019/2020 generative exploration programs.”
Chad Wells, Vice President Business Development of Altius commented “It’s a genuine pleasure to
increase our shareholding in Ren Gold as we view Bob and his group as one of the preeminent project
generators in the mineral business today. Altius also has notable royalty exposure to projects generated by
RenGold from past alliances, including potential discoveries like Silicon.”
Prior to completion of the private placement Altius own ed 1,083,784 common shares of RenGold
representing 1.7%. After completion of the private placement Altius own s 6,800,000 common shares of
RenGold representing 9.9%. If Altius exercise all of its Warrants, then Altius would own and control an
aggregate of 12,516,216 common shares of RenGold representing an ownership interest of approximately
16.9% (post-issuance).
Altius purchased the Units for in vestment purposes. Depending on market conditions and other factors,
Altius may from time to time acquire and/or dispose of securities of RenGold or continue to hold its current
position.
About Renaissance Gold Inc.
Renaissance Gold Inc. is a western US focused prospect generator utilizing a joint venture business model.
RenGold applies the extensive exploration experience and high-end technical skills of its founders and team
members to search for and acquire high quality precious metal exploration projects that are then offered for
joint venture to industry partners who provide exploration funding. RenGold maintains a large portfolio of
gold and silver exploration properties and has entered into over 70 exploration agreements including those
as its predecessor, AuEx Ventures Inc., and those from Kinetic Gold. RenGold’s objective is to place its
projects into exploration agreements, testing as many drill targets as possible and providing maximum
exposure to success through discovery.
About Altius Minerals Corporation
Altius directly and indirectly holds diversified royalties and streams which generate revenue from 15
operating mines. These producing royalties are located in Canada and Brazil and provide exposure to
copper, zinc, nickel, cobalt, iron ore, potash, thermal (electrical) and metallurgical coal. The portfolio also
includes development stage royalties in copper and renewable energy and numerous predevelopment stage
royalties covering a wide spectrum of mineral commodities and jurisdictions. Altius also holds a portfolio
of junior equities that were generated from vending exploration projects to industry partners in exchange
for minority equity interests and new royalties.
THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION
OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF ANY OF THE SECURITIES
IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE
UNLAWFUL, INCLUDING ANY OF THE SECURITIES IN THE UNITED STATES OF AMERICA.
THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933 (THE “1933 ACT”) OR ANY STATE SECURITIES LAWS
AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR
ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE
1933 ACT) UNLESS REGISTERED UNDER THE 1933 ACT AND APPLICABLE STATE
SECURITIES LAWS, OR AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS
AVAILABLE.
By: Robert Felder, President & CEO
For further information, contact:
Robert Felder 775-337-1545 or [email protected]
Ronald Parratt 775-337-1545 or [email protected]
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.
This news release contains certain statements that may be deemed “forward-looking” statements. Forward
looking statements are statements that are not historical facts and are generally, but not always, identified
by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”,
“potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or
“should” occur. Although Renaissance Gold Inc. believes the expectations expressed in such forward -
looking statements are based on reasonable assumptions, such stat ements are not guarantees of future
performance and actual results may differ materially from those in forward looking statements. Forward
looking statements are based on the beliefs, estimates and opinions of Renaissance Gold Inc’s management
on the date the statements are made. Except as required by law, Renaissance Gold Inc. undertakes no
obligation to update these forward-looking statements in the event that management’s beliefs, estimates or
opinions, or other factors, should change.