enCore Energy Announces $2,550,000 Financing
NEWS RELEASE
TSX.V: EU
April 10, 2019
www.encoreenergycorp.com
enCore Energy Announces $2,550,000 Financing
Not for distribution into the United States or to U.S. newswire services
Vancouver, BC, April 10th, 201 9: enCore Energy Corp. (TSX.V: EU) (the " Company") is
pleased to announce a private placement for an aggregate of $2, 550,000 comprised of
17,000,000 units (the " Units") at a price of $0. 15 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. 225 for a period of three
years from the date of issue of the Warrants. The warrants may be accelera ted under certain
terms if the stock closes for 15 trading days at $0.45 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
working 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., with assets based entirely in the United States, 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 million pounds of U3O8 at an average grade of 0.105% e U3O8(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 other properties in Utah, Arizona, and Wyoming. The Company
owns or has access to an extensive collection of proprietary North American and Global uranium
data including the Union Carbide, US Smelting and Refining, UV Industries, Rancher’s
Exploration databases in addition to a leading geophysical data collection concerning the high -
grade Northern Arizona Strip district.
For additional information:
William M. Sheriff
Executive Chairman
972-333-2214
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 potent ial 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 "antic ipate", "believe", "plan", "estimate", "expect", and "intend",
statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, 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.