Renaissance Gold Enters Earn-In Agreement on Rose Mine Property

Renaissance Gold Inc. (TSXV:REN) enters into an exploration earn-in agreement with Rose Gold LLC.

The press release is quoted as saying:

Under the terms of the agreement, Rose Gold has the right to earn a 51% interest in the Rose Mine property by expending a minimum of US$3,000,000 within 4 years. Should Rose Gold vest an initial 51% interest, it would then have the option to earn an additional 19% interest by expending US$6,000,000 or completing a Bankable Feasibility study, whichever occurs first, within 6 years. Rose Gold paid RenGold US$17,529 on signing for reimbursement of claim fees and lease payments and is obligated to expend US$150,000 during the first year of the agreement.

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