VANCOUVER, Dec. 20 /CNW/ - Nanika is pleased to announce that the TSX
Venture Exchange has accepted for filing documentation pursuant to a
purchase and sale agreement between the company and John Bot dated Dec.
10, 2010. As per the terms of the agreement, the company will acquire
100-per-cent interest in 13 mineral claims located in the Stewart,
B.C., area. In consideration, the company will pay the vendor $10,000
cash and issue 100,000 common shares at a deemed price of five cents
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
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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.
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