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Renaissance Gold names new CEO, completes C$1.7M private placement

Renaissance GoldInc. said July 25 that it has appointed Ronald L. Parratt as presidentand CEO. Parratt was previously the president of LongCanyon and CEO of AuEx Ventures Inc.

The company has also named Richard L. Bedell as executive vicepresident. Both Parratt and Bedell will also continueto sit on the board.

In addition, Renaissance Gold has closed its C$1.7 million , which was upsizedfrom C$1 million. Proceeds from the financing are earmarked for the company's workprograms in Nevada and Utah, and for general corporate purposes.

The company plans to focus on attracting joint venture partnersand increasing its property portfolio over the next year.