Nov 9 (Reuters) - Resources & Energy Group Ltd REZ.AX :
* AGREED TO ACQUIRE EAST MENZIES GOLD PROJECT LOCATED IN WESTERN AUSTRALIA FOR A TOTAL CONSIDERATION OF $2.1MLN
* WILL RAISE UP TO $5 MILLION BY WAY OF A SHARE PLACEMENT AT 5 CENTS PER SHARE
* ACQUISITION WILL BE SETTLED VIA A COMBINATION OF ORDINARY SHARES AND CASH FOR REIMBURSEMENT OF VARIOUS PROJECT COSTS