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Renaissance BioEnergy closes acquisition of mining claims in Arizona
Nov. 29, 2010 (M2 Communications Ltd.) --

Development stage renewable energy company Renaissance BioEnergy Inc (OTCBB:RENS) signed and closed an agreement on Friday to acquire a 100% interest in 15 unpatented lode mining claims and another 12.5% undivided interest in the 22 unpatented placer mining claims included in the Oatman Gold Project, it disclosed the same day.

The company agreed with Backyard Stuff Inc, Wind Power Energy International LLC and other sellers to acquire the sellers' interest in the unpatented mining claims in Mohave County, Arizona.

Further, Renaissance said that the unpatented lode claims include the "King Midas", "Argo" and "Oatman Southern" Mines.

Additionally, with this acquisition the company said its total interest in these 22 unpatented placer mining claims are 62.5% while it has a 100% interest in the 15 unpatented lode mining claims in the Oatman Gold Project.

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Source: M2 Presswire (November 29, 2010 - 12:07 PM EST)

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