Arms-Length...Too funny...
VANCOUVER, BRITISH COLUMBIA, Jan 11, 2011 (Marketwire via COMTEX News Network) --
Encore wishes to announce that it has entered in an option agreement with an arms-length vendor to acquire a 50% option in the Handeni East Prospect in the direct vicinity of Canaco Resources in Tanzania. This prospect is 50.5 square kilometres. 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. A Finders fee may be payable according to TSX Venture guidelines.
VANCOUVER, BRITISH COLUMBIA, Dec 14, 2010 (Marketwire via COMTEX News Network)
Sidon International Resources Corp. (TSX VENTURE:SD) (FRANKFURT:SY7), in conjunction with its experience and presence in Tanzania the company has just been notified of getting a Master License granted adjacent to the Canaco property in the Handeni area of Tanzania. The property consists of approximately 50.5 square kilometers north east of the Canaco Magambazi property and immediately north of Douglas Lake Minerals Ltd.'s Acquisition to the south.
Abby Farrage reports, "this is a major development for the company as a Master License can take several years to obtain. The board of directors made the decision to pursue this property with the Master License in the best interest of the company. In the previous news release the company did not give up on the Meg project as it was a priority to pursue the Handeni property ( Magambazi area) with the Master License being granted. The property they stopped pursuing was an addition on to the current property they are drilling at this moment."