enCore Energy Announces $2.0 Million Financing
NEWS RELEASE
TSX.V: EU
January 17th, 2017
NR 17-01
www.encoreenergycorp.com
Not for distribution into the United States or to U.S. newswire services
enCore Energy Announces $2.0 Million Financing
Vancouver, BC, January 17 th, 2016: enCore Energy Corp. (TSX.V: EU) (the “ Company”) is pleased to
announce a private placement for an aggregate of $2,010,000 comprised of 33,500,000 units (the “Units”)
at a price of $0.06 per Unit. Each Unit consists of one common share (the “ Shares”) and one-half share
purchase warrant (the “Warrants”). Each whole Warrant will entitle the holder to purchase one additional
Share at a price of $0.10 for a period of three years from the date of issue of the Warrants. The warrants
may be accelerated under certain terms if the stock closes for 20 business days at $0.80 or more.
PowerOne Capital Markets Limited will act as a finder in connection with a portion of the private
placement.
All securities issued will be subject to a four-month hold period. Closing of the private placement is subject
to the approval of the TSX Venture Exchange.
Proceeds from the financing will be applied to the Company’s property portfolio and general worki ng
capital. This news release does not constitute an offer to sell or a solicitation of an offer to buy any
securities. The securities are subject to a four month Canadian hold period.
About enCore Energy Corp.
enCore Energy Corp. has a 100% interest, with no holding costs, on 115,000+ acres (46,400 ha) of private
mineral rights in New Mexico, including the Crownpoint and Hosta Butte uranium deposits. These deposits
contain an Indicated mineral resource of 26.6 MM pounds of U 3O8 at an average grade of 0 .105% eU3O8
and an Inferred mineral resource of 6.1 MM pounds of U 3O8 at an average grade of 0.110% eU 3O8(1). A
portion of these resources are under NRC license. The Company also holds the Marquez and Treeline
projects in New Mexico as well as a number of other properties in Utah, Arizona and Wyoming.
Dr. Douglas H. Underhill, CPG, a Qualified Person as defined by National Instrument 43 -101 and Chief
Geologist for the Company, has reviewed, verified and approved disclosure of the technical information
contained in this news release.
For additional information:
Dennis Stover
Chief Executive Officer
2
405-306-3491
www.encoreenergycorp.com
(1) Technical Report, titled, “Crownpoint and Hosta Butte Uranium Project Mineral Resource Technical
Report, McKinley County, New Mexico, USA, Mineral Resource Technical Report - National Instrument
43-101,” dated May 14, 2012, and authored by Douglas L. Beahm, PEng, PGeo.
Neither 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.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain forward-looking statements within the meaning of applicable securities
laws including the anticipated completion of the transaction and acquisition of the Marquez, Nose Rock
and other properties, and the potential advancement thereof. Forward-looking statements are statements
that relate to future, not past, events. In this context, forward-looking statements often address expected
future business and financial performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should",
or "will" be taken or occu r, or other similar expressions. Estimates of mineral resources and reserves are
also forward looking statements because they constitute projections regarding the amount of minerals
that may be encountered in the future. All statements, other than statements of historical fact, included
herein including, without limitation; statements about the terms and completion of the transaction are
forward-looking statements. By their nature, forward -looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual results, performance or achievements,
or other future events, to be materially different from any future results, performance or achievements
expressed or implied by such forward -looking statements. Forward-looking statements are made based
on management's beliefs, estimates and opinions on the date that statements are made and the respective
companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required by applicable securities laws. Investors
are cautioned against attributing undue certainty to forward-looking statements.