Gary Eldridge Commences Legal Action Against Renaissance Stone Quarries Corporation, Gregg Jensen ,

VANCOUVER, British Columbia - April 16, 2024 - PRLog -- Vancouver, British Columbia – Gary Eldridge  commenced a legal action in the British Columbia Supreme Court in Vancouver, British Columbia, against Renaissance Stone Quarries Corporation, Gregg Jensen and Brian Gusko.

In November 2023, Gary Eldridge, Gregg Jensen, Brian Gusko, and others entered into a joint venture agreement (the "Joint Venture Agreement") to acquire, finance, and develop the Leo D'or marble property through a newly incorporated company, Renaissance Stone Quarries Corporation..

Eldridge's involvement: Eldridge contributed the Leo D'or property to the venture, was appointed as the Executive Chair and invested $23,750 in cash for 4.7M common Shares of Renaissance (the "Common Shares").

Capital Raising: Beginning in November 2023 and until February 14, 2024, Renaissance raised $100,000 irom the Founders' Group and $117,500 from third-party investors.

In the Notice of Civil Claim, Eldridge claims that:

Failure to Issue Shares: In breach of the Joint Venture Agreement and corporate and securities laws, Renaissance, Gregg Jensen, and Brian Gusko have failed or refused to close the founders' and angel round financings and have failed or refused to issue the Common Shares to the investors, including Eldridge and other founders.

Concealment: Renaissance, Gregg Jensen, and Brian Gusko represented to the Founders' Group members and the other investors that they were shareholders of the Company but concealed from them that the financings never closed and that the Common Shares were never legally issued.

Removal of Eldridge from the Board and Management: In breach of the Joint Venture Agreement and corporate and securities laws Renaissance, Gregg Jensen, and Brian Gusko purported to remove Eldridge from the Board and management of Renaissance pursuant to a consent resolution of its shareholders, which was signed by only Gregg Jensen, and Brian Gusko.

Misuse of Funds: In breach of corporate and securities laws, Renaissance spent all the funds raised in the financings prior to their closings and failed or refused to issue the investors' Common Shares or return the funds to them.

Misleading Marketing Materials: Renaissance published marketing materials stating that its issued and outstanding share capital consisted of 20M Common Shares in November 2023, 24.7 M Common Shares from February 14, 2024, and 15.95 M Common Shares from March 13, 2024, while on March 13, 2024, passed a shareholders' consent resolution with only 400 Common Shares issued and outstanding. In breach of corporate and securities laws, Renaissance, Gregg Jensen, and Brian Gusko provided the founders, angel investors, potential investors and the public with misleading information about its capital structure, in different numbers to suit their personal agenda.

In the Notice of Civil Claim, Mr. Eldridge seeks, among other remedies, rescission of the joint venture agreement, return of the Leo D'or property, refund of his $23,750 subscription proceeds, and damages.

For further information, please contact:

Gary Eldridge

Telephone: 604.783.1685

Email: gary@eldridgewealth.com