Vancouver, 11/29/10 - Renaissance Gold Inc. (TSX VENTURE: REN) ('RenGold') announces that, as contemplated under the plan of arrangement (the 'Plan of Arrangement') pursuant to the Business Corporations Act (British Columbia) involving AuEx Ventures, Inc., Fronteer Gold Inc. and RenGold, the board of directors of RenGold has today determined that the fair value of one common share of RenGold as at the effective time of the Plan of Arrangement was Cdn$0.48.
This information is being provided to assist shareholders who received RenGold shares under the Plan of Arrangement in completing their tax election and/or filings.
RenGold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada, Utah, Argentina and Spain. The majority of the projects are 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 to search for and acquire new precious metal exploration projects that are then offered for joint venture.
Renaissance Gold Inc.
By: Ronald L. Parratt President and CEO
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 news release.
Contacts:
Renaissance Gold Inc. Ronald L. Parratt 775-337-1545 rparratt@rengold.com
Renaissance Gold Inc. Richard L. Bedell 775-337-1545 rbedell@rengold.com www.rengold.com
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Vancouver, 11/29/10 - Renaissance Gold Inc. (TSX VENTURE: REN) ('RenGold') announces that, as contemplated under the plan of arrangement (the 'Plan of Arrangement') pursuant to the Business Corporations Act (British Columbia) involving AuEx Ventures, Inc., Fronteer Gold Inc. and RenGold, the board of directors of RenGold has today determined that the fair value of one common share of RenGold as at the effective time of the Plan of Arrangement was Cdn$0.48.
