Encore Renaissance to Acquire Property in Handeni Region of Tanzania

Encore Renaissanc Resources Corp. (TSXV:EZ) enters in an option agreement to acquire a 50% option in the Handeni East Prospect in the Canaco Resources in Tanzania.

The press release is quoted as saying:

In order to acquire this option Encore will make cash payment of $2,300,000, work commitments of a total of $2,500,000 in exploration work on the Property (the “Work”) and the issuance to the Optionor of 20,000,000 common shares.

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