This reads short and to the point.
Canaco Resources agreement for Tanzanian licences
Canaco Resources Inc (C:CAN)
Shares Issued 195,702,853
Last Close 4/8/2011 $4.94
Monday April 11 2011 - Property Agreement
The TSX Venture Exchange has accepted for filingdocumentation in connection with a sale and purchase agreement dated Oct. 28,2010, between Canaco Resources Inc.'s wholly owned subsidiary, Canaco TanzaniaLtd., and Synergy Investments (T) Ltd. (Kliest Sykes and Stetlla Sykes) wherebyCanaco has acquired three prospecting licences located in the Kilinda districtof Tanzania. The total compensation is $600,000 (U.S.) and 70,000 shares.
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