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