Canaco Resources Inc.

CVE:CAN ISIN:CA1348041031

Canaco Resources Inc.(CVE:CAN) is a Canada-based company engaged in the business of acquiring and exploring gold and diamond projects in Tanzania.

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MIL Resources (ASX:MGK) Signed Memorandum Of Understanding With SinoTech To Raise A$5 Million For Gold And Base Metals Projects In Papua New Guinea

🕔10/15/2010 5:13:25 PM 8443

MIL Resources Limited (ASX:MGK) has entered into a Memorandum Of Understanding with Beijing SinoTech Institute of Mineral Exploration Co., Ltd. for Sinotech (or its subsidiary) to become a 30% shareholder in MIL at a fixed price of A$0.034 per share, raising A$5 million gross, and for Sinotech to fund exploration on MIL's Titan Metal's portfolio of copper/gold/nickel/molybdenum exploration projects in Papua New Guinea.

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