Nanika Announces Sale of INDI Claims to Jayden Resources Inc.

VANCOUVER, Sept. 26, 2011 /CNW/ - Nanika Resources Inc. (TSXV: NKA) (FSE:C7X) announces that it has entered into an agreement to sell its 45% interest in the INDI 9-12 claims which are adjacent to and form part of the Silver Coin gold project near Stewart, BC. Under the terms of the agreement, which is subject to regulatory approval, Jayden will pay Nanika $250,000 cash, 350,000 common shares and give Nanika a 2% NSR on the four INDI claims with Jayden having an option to buy-back the NSR at a rate of $1 Million per 1% at anytime.

About Nanika Resources Inc.

Nanika Resources Inc. is a TSX Venture listed mineral exploration and development company focusing on the advancement of its mineral properties, all of which are located within Canada.

On Behalf of the Board,

James D. Jacuta,

Chairman, President and CEO.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Nanika Resources Inc.

For further information:

Nanika Resources Inc. at 604-638-0699 or Toll Free at 1-866-580-0699

Profil de l'entreprise

Nanika Resources Inc.

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.